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USD/JPY trades flat, edges closer to the up-trend

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 20, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Technical Analysis EUR/USD on track to erode weekly losses “The [German] producer-price index data has encouraged a lower euro.” - Canadian Imperial Bank of Commerce (based on Bloomberg) Pair’s Outlook Yesterday the EUR/USD cross strengthened the most since Nov 12, by piercing through the 1.07 mark and consolidating somewhat below 1.0750 by the end of trading. Both weekly pivot point and monthly S1 at 1.0758/68 are unlikely to be crossed on Friday, unless any shock for the Dollar appears

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