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USD/JPY Surges For The Sixth Time In A Row

Discussion in 'Technical Analysis' started by Kaitlin, Oct 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Monday the American Dollar managed to outperform the Japanese Yen for the fifth consecutive time, once again approaching the nine-month down-trend. Technically, the USD/JPY currency pair should now undergo a correction and end the day in a red zone, with the immediate support, namely the 20-day SMA, failing to[​IMG]

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