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USD/JPY Under The Risk Of Slumping Under 106.00

Discussion in 'Technical Analysis' started by Kaitlin, May 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar experienced another relatively sharp decline on Friday, falling below the 18-month low of 107.63. The Greenback now could undergo a corrective rally, despite the Bollinger band providing immediate resistance around 106.25, just above the opening price. Meanwhile, technical indicators are giving mixed signals in the daily timeframe,[​IMG]

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