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USDJPY Pared A Part Of Thursday's Losses, Falling Daily Cloud Maintains Pressure

Discussion in 'Technical Analysis' started by Kaitlin, Jul 22, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair bounced off yesterday pullback’s low at 105.40, but consolidation phase remains capped under the mid-point of 107.47/105.40 pullback, with near-term technicals in mixed mode, suggesting limited upside action for now. The notion is supported by descending daily cloud, which capped multi-day recovery at 107.47 yesterday and currently lies at 106.60.[​IMG]

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