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USD/JPY To Erase Last Week's Losses

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

  1. Kaitlin

    Kaitlin Forum Member

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    The Greenback overperformed on Friday, as it breached the immediate resistance in face of the 20-day SMA and returned above the major level of 123.00. Today the USD/JPY is supported by the weekly PP and the 20-day SMA, which together should prevent the pair from falling back under 123.00. The[​IMG]

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