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USDJPY Holds Around 100.00 Handle In Directionless N/T Trading, Overall Structure Remains...

Discussion in 'Technical Analysis' started by Kaitlin, Aug 24, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair remains weak, hovering around 100.00 handle, but so far unable to break clearly lower, as yesterday's support crack was contained at 99.92. However, daily technical studies remain bearish and keep the downside pressured, after daily Tenkan-sen line capped recovery at 100.91 and today's action is limited by falling 10SMA at 100.56.[​IMG]

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