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USD/JPY Struggles To Retake 112.00

Discussion in 'Technical Analysis' started by Kaitlin, Apr 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USD/JPY currency pair overperformed on Friday, as the Japanese Yen lost more than 200 pips against the Buck on the negative loan rate rumours. The Greenback, however, now faces a tough resistance area around 112.30, namely the 55-day SMA, the down-trend and the monthly PP, which is likely to[​IMG]

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