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USD/JPY Trades In Murky Waters

Discussion in 'Technical Analysis' started by Kaitlin, Aug 11, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar put the 101.00 major level to the test on Wednesday, but closed trade above that area, registering a 62-pip loss. Another decline today is possible, as technical studies suggest, but the USD/JPY currency pair faces a strong support cluster around 100.70, represented by the 50% Fibo and[​IMG]

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