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USDJPY - Fresh Downside Action Holds For Now Above 100.66, Cracked Fibo 61.8% Support

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair remains under pressure and retests cracked support at 100.66 (Fibo 61.8% of 98.98/103.75 upleg), ignoring so far bullish signal given by yesterday’s Hammer. Firm bearish setup maintains strong downside pressure with close below 100.66 handle, needed to generate bearish signal and open way for final push towards psychological[​IMG]

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