USDJPY Extends Fall For The Third Day, Return To 100 Zone Likely After Correction

Discussion in 'Technical Analysis' started by Kaitlin, Sep 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The dollar extends weakness for the third consecutive day, falling so far 2.8% against yen, on bearish acceleration from 104.11 that hit fresh low at 101.18 today. Important support at 101.34 (Fibo 61.8% of 99.52/104.30 upleg) was cracked on today’s extension. Daily technicals are turning to negative setup and suggest[​IMG]

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