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USDJPY Trades Between Daily Kijun-Sen And Tenkan-Sen Lines, Descending Daily Cloud...

Discussion in 'Technical Analysis' started by Kaitlin, Sep 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair remains at the back foot, as Wednesday’s rally was short-lived and false break above Tenkan-sen barrier at 102.74, left red daily candle with long upper shadow. Bearish signal triggered fresh weakness on Thursday that tested pivotal support at 101.92 (daily Kijun-sen line), which so far resisted attacks.[​IMG]

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