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USDJPY more bearish or just another dip to the 50% midpoint support level

Discussion in 'Technical Analysis' started by ForexLive, Aug 11, 2017.

  1. ForexLive

    ForexLive Forum Member

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    More bearish or a time to buy? The USDJPY peaked on Monday at 110.91. and bottom on Friday at 108.716. If the price closes below the 109.19, the week will end with 4 consecutive lower closes (currently trade at 108.98). Sound bearish right? Well on the hourly chart...yes.

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