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USD/JPY Struggles To Stay Above 114.00

Discussion in 'Technical Analysis' started by Kaitlin, Feb 18, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US currency remained unchanged against the Japanese Yen on Wednesday, as demand at 113.88 proved to be sufficient to keep the pair elevated. Technically, we might see a rebound, with the exchange rate touching the 115.00 level. The nearest resistance leaves enough room for a rally beyond 116.00; however,[​IMG]

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