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USDJPY-Daily Cloud Base Caps Rallies For Now, Correction Is Expected To Precede Fresh Leg...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair pulls back after failure to retest Friday’s peak at 104.30, as today’s rally stalled at 104.11, remaining capped by daily cloud base at 104.00 zone. The move is so far seen as correction of two-week recovery from 99.52 (16 Aug low), with strong bullish close on Friday, as[​IMG]

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