USDJPY Consolidates After Failure To Clear Tenkan-Sen Barrier At 102.88

Discussion in 'Technical Analysis' started by Kaitlin, Jul 4, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    Near-term structure is bearishly aligned, following last Friday's failure to sustain break above first pivot at 102.88 (daily Tenkan-sen line) and daily close in red. Upside attempts on Friday were capped by falling daily 10SMA at 103.47 that maintains strong bearish setup of daily indicators. Today's trading shows little action[​IMG]

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