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USD/JPY Struggles To Remain Above 112.00

Discussion in 'Technical Analysis' started by Kaitlin, Mar 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY currency pair extended its recovery yesterday, reaching the 112.00 major level. The Greenback now faces an immediate resistance at 112.11 in face of the weekly PP, but this level might give in, as the Buck appears to be heading towards its descending channel's resistance line around 113.40. However,[​IMG]

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