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USDJPY - Strong Recovery Consolidates Under 105.00 Barrier, Focus Remains At The Upside

Discussion in 'Technical Analysis' started by Kaitlin, Jul 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair consolidates strong recovery rally of past two days that peaked at 104.97 and retraced 76.4% of 106.78/98.98 fall. Near-term price action holds just under 104.97 peak, after downside attempts were contained above initial support at 103.80 (double Fibo support - 23.6% of 99.97/104.97 rally / broken 61.8% of 106.78/98.98 fall).[​IMG]

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