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USDJPY - Correction From Psychological 100.00 Support To Precede Fresh Leg Lower

Discussion in 'Technical Analysis' started by Kaitlin, Sep 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair fell sharply on Wednesday, leaving long red candle with long upper shadow that generated strong bearish signal, extending the Wave C of five-wave descend from 104.30 peak, to its 100% Fibonacci expansion, which lies at 100.06, just ahead of psychological 100.00 support.[​IMG]

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