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USDJPY Trades In Narrow Near-Term Range, Overall Outlook Remains Bearish

Discussion in 'Technical Analysis' started by Kaitlin, Jun 28, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The pair is flat and trading around 102 handle, which marks Fibo 38.2% of Friday's 106.78/98.98 fall, so far unable to break clearly higher. Hourly studies regained bullish momentum, however, overall near-term structure remains weak, after recovery action from 98.98 low stalled at 103.23. Overall picture remains bearish and suggests[​IMG]

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