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USD/JPY To Edge Close To 112.00

Discussion in 'Technical Analysis' started by Kaitlin, Mar 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    On Tuesday the risk-off sentiment sparked demand for the safe haven Yen, causing the USD/JPY currency pair to reach the second support level, namely the weekly S1. Today this area acts as the immediate support, whereas the 20-day SMA and the weekly PP form a resistance cluster around 113.35. Nevertheless,[​IMG]

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