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USDJPY - Recovery Attempts Are Limited For Now, Overall Bears Maintain Downside Risk

Discussion in 'Technical Analysis' started by Kaitlin, Jun 20, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Japanese yen lost some of its safe-haven appeal, as renewed risk appetite on lower risk of Brexit, pushed USDJPY pair away from last week’s fresh low at 103.50. Extension of recovery action after today’s 45-pips gap-higher open, was so far limited at 104.82, with near-term price action holding within 104.40/104.82 range.[​IMG]

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