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USD/JPY Stuck Between 120.00 And 120.80

Discussion in 'Technical Analysis' started by Kaitlin, Oct 7, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar began weakening against the Yen, after having reached the 120.63 potential resistance yesterday. Losses, in turn, were limited by the 20-day SMA, which prevented the USD/JPY from dropping to the 120.00 major level. Nevertheless, the Greenback risks breaching this area today and even pierce the support cluster[​IMG]

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