USDJPY In Renewed Attempts Higher, Daily Cloud Marks Strong Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Sep 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair probes again above 103.50 barrier (50% of 107.47/99.52 downleg) which was cracked on yesterday's spike 103.98. Bulls were unable to hold gains and subsequent pullback ended day in red candle with long upper shadow –bearish signal. Renewed strength partially offset bearish threats, however, daily Ichimoku cloud (spanned between[​IMG]

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