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USDJPY - renewed safe-haven demand pushes yen to fresh highs, n/t focus at key level at 107.60

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 18, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EURUSD Near-term studies are mixed, as the pair’s recovery attempt off last week’s low at 1.1232, remains capped by sideways-moving daily 20SMA at 1.1308 and holds below 1.1320 pivot (Fibo 38.2% of 1.0820/1.1463 upleg. However, The Euro is gaining traction on daily chart, after strong pullback from 1.1463 peak, was contained by rising daily 30SMA, which continues to underpin fresh upside attempts. Sustained break above 1.1308/20 is needed to generate stronger bullish signal for further

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