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USD/JPY To Preserve The Rising Wedge

Discussion in 'Technical Analysis' started by Kaitlin, May 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The risk-off sentiment drove the USD/JPY currency pair lower on Monday, having put the rising wedge's support line to the test. As a result, the pair opened below that trend-line, but a positive development today is to preserve the pattern. The weekly PP is now the closest resistance, located at[​IMG]

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