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USDJPY follows the dollar lower as London traders moving toward the weekend

Discussion in 'Technical Analysis' started by ForexLive, Apr 8, 2016.

  1. ForexLive

    ForexLive Forum Member

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    Price moves below intraday support. Stocks off highs The USDJPY is moving lower after failing to get and stay above intraday resistance against the 200 and 100 bar MA on the 5-minute chart () and falling back below the 108.40 area (see yellow area in the chart below). Stocks have given back some of their earlier gains and the dollar is lower pretty much across the board.

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