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USDJPY consolidates between trend lines

Discussion in 'Technical Analysis' started by ForexLive, Sep 2, 2015.

  1. ForexLive

    ForexLive Forum Member

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    Trend move lower in consolidation phase The chart below shows the trend progression of the USDJPY in trading today, followed by what has been a consolidation phase at the lows. With overlays of the key MAs like the 200 day MA, the 200 and 100 hour MAs, the downward trend progressed orderly but with a definitive bearish bias.

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