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USDJPY - Recovery Attempts So Far Hold Below Daily Tenkan-Sen At 102.88

Discussion in 'Technical Analysis' started by Kaitlin, Jun 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The pair is supported in the near-term action, following bullish close of past two days, but shows hesitation on approach to strong 102.88 barrier (daily Tenkan-sen line 50% retracement of 106.78/98.98 fall) which so far limits upside attempts. Hourly studies show slight improvement, however, firm bears on 4-hour chart[​IMG]

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