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USDJPY Momentum Building Up

Discussion in 'Technical Analysis' started by Kaitlin, May 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The USDJPY pair has been consolidating in the uptrend that started from 106.50. At this point the price is ranging (also confirmed by MACD) but the bullish momentum is building up. POC is within 108.60-75 zone ascending trend line, inner trend line break, 61.8, EMA 89, DPP, H3[​IMG]

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