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USD/JPY To Bounce Off Of 112 Yen

Discussion in 'Technical Analysis' started by Kaitlin, May 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Although the daily technical indicators are mostly bullish, short-term long positions are becoming risky, as the currency pair is approaching the upper bound of the recently established ascending channel. The present rally is expected to end near the level of 112 yen, before the pair reaches the 100-day simple moving[​IMG]

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