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USDJPY falls below trend line. Will the selling continue?

Discussion in 'Technical Analysis' started by ForexLive, Aug 2, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Trend line cuts across at 100.86 The range for the day has reached 200 pips. The 22 day average is 152 pips. SO we are above the average by 50 pips (or 33%) but before buying you still want to see the failure. It is hard to pick a bottom.

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