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USDJPY - Pressure Rises On The Lower Boundary Of N/T Range, Defined By Daily ...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 12, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The pair remains biased lower after weekly close in red and today's fresh bearish acceleration that eyes strong support at 101.95 (Friday's low, reinforced by daily Kijun-sen line, also near Fibo 61.8% of 101.18/103.04 upleg). Friday's upside rejection at 103.04 and failure to sustain break above pivotal daily Tenkan-sen line (102.74) weigh at near-term structure.[​IMG]

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