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USDJPY In Steep Fall After Falling Daily Cloud Capped Recovery

Discussion in 'Technical Analysis' started by Kaitlin, Jul 26, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair lost strong supports at 105.40 (former consolidation low) and 104.61 (Fibo 38.2% of 99.97/107.47 upleg) on today's strong bearish acceleration that cracked round-figure 104.00 support so far. Fresh weakness confirms falling daily Ichimoku cloud as strong resistance that capped repeated attacks at 107.47 and 106.60.[​IMG]

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