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USDJPY moves back above the 100 hour MA at 103.98

Discussion in 'Technical Analysis' started by ForexLive, Oct 18, 2016.

  1. ForexLive

    ForexLive Forum Member

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    More dollar buying The USDJPY has broken back above the 100 hour MA for the 2nd time after the CPI data and above the 104.00 level as well. The 200 hour MA held on the lows. Traders will want to see that break hold now if the buyers are more serious about the move.

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