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USD/JPY Struggles To Remain Above 106.00

Discussion in 'Technical Analysis' started by Kaitlin, Jul 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar outperformed the Japanese Yen on Monday, with the exchange rate reaching the 55-day SMA, but failing to put the anticipated 106.50 level to the test. Nevertheless, the immediate resistance cluster remains strong, with the USD/JPY pair, technically, expected to undergo a corrective decline today. The nearest support[​IMG]

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