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USDJPY - Strong 100.00 Support Zone Holds For Now, Outlook Remains Negative

Discussion in 'Technical Analysis' started by Kaitlin, Sep 27, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair showed strong hesitation at 100.00 support zone which was retested today, after Monday’s strong fall that left long red daily candle. Immediate downside risk was sidelined by bounce to 100.97, however, rally stalled on approach to near-term pivots at 101.06 and 101.23.[​IMG]

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