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

    Aug 29, 2015
    Likes Received:
    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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