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USD/JPY Takes A Shot At 107.00

Discussion in 'Technical Analysis' started by Kaitlin, Jun 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Friday was an extremely unfortunate day for the USD/JPY, being that the pair dropped more than 200 pips, reaching the lowest level in five weeks. Technical indicators now imply that the bullish momentum is likely to prevail, which would mean a breach of the 38.20% Fibonacci retracement level, located at[​IMG]

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