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USD/JPY Struggles To Remain Above 104.00

Discussion in 'Technical Analysis' started by Kaitlin, Oct 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The American Dollar appreciated against the Japanese Yen on Wednesday, beating expectations and easily climbing over the 104.00 level. The second resistance area managed to contain yesterday's volatility, which also caused the USD/JPY pair to make a U-turn. Meanwhile, the monthly R1 and the 100-day SMA form immediate support around[​IMG]

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