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USD/JPY Traces Back To 104.00

Discussion in 'Technical Analysis' started by Kaitlin, Jun 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar managed to appreciate against the Japanese Yen on Tuesday, with risk-on sentiment returning to the markets. The weekly PP succeeded in limiting yesterday's gains and is expected to cause the USD/JPY to weaken today. The bottom target is the monthly S2 at 103.34, but the 104.00 major[​IMG]

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