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USDJPY - Recovery Shows Initial Signals Of Stall

Discussion in 'Technical Analysis' started by Kaitlin, Sep 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    Recovery rally from strong 100.00 support zone shows signs of stall, as rallies were so far capped at initial resistance zone (111.23) and hourly studies losing momentum. With overall structure holding firm bearish tone, we see limited upside action (extended upticks are expected to hold below 111.71 Tenkan-sen barrier), before bears resume.[​IMG]

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