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USDJPY Holds In Extended Consolidation Above 100.00 Support, Limited Upside Seen For Now

Discussion in 'Technical Analysis' started by Kaitlin, Sep 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair continues to trade above strong 100.00 zone support, where near-term base has formed. Consolidation range is spanned between 100.00 and 101.23, with mixed setup of near-term studies, suggesting limited upside for now. Strong overall bearish bias maintains downside pressure for renewed attack at 100.00 support (reinforced by bull-trendline,[​IMG]

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