USD/JPY To Undergo A Correction

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Despite poor ADP data on Wednesday, the US Dollar still managed to outperform the Japanese Yen, with the immediate resistance cluster limiting the gains. However, the USD/JPY pair is now likely to weaken, amid the supply area around 103.75 being too difficult to breach. Moreover, there is no impetus present[​IMG]

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