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USDJPY Analysis: Support at 118.10/116.46, resistance at 119.20/119.50

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 15, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    A slight drift lower turned into more of a sharp move and the small bodied candles with long shadows have been changed for a strong bearish candle which takes Dollar/Yen to its lowest close in 5 weeks and the move confirmed on the deteriorating momentum indicators.

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