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USDJPY Remains Red As, Further Downside Expected

Discussion in 'Technical Analysis' started by Kaitlin, Sep 16, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Strong bearish pressure persists, as the pair enters the third day in red, after recent upside attempts were capped by falling daily cloud. Fresh probes below strong support at 101.92 (daily Kijun-sen line), signal further bearish action which may extend towards key near-term support at 101.18 (07 Sep trough), break[​IMG]

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