USDJPY consolidates above key support zone; upside pivot lies at 118.36

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD The Euro came under pressure and dipped to 1.0858, session low, following yesterday’s repeated rejection above 1.09, below which, yesterday’s trading closed. Weakening near-term studies turn focus towards the lower side of near-term range, established between 1.0800 and 1.0983. The pair also probed below 1.0870, bull-trendline, connecting 1.0713 and 1.0803 lows, level that also marks Fibonacci 61.8% retracement of 1.0803/1.0983 upleg. Daily close below here will generate another bearish

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