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USDJPY tumbles below bullish/bearish line

Discussion in 'Technical Analysis' started by ForexLive, Sep 6, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
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    Resistance/risk now at 102.649-828 The USDJPY is getting smacked lower and in the process has moved below the key bullish/bearish area at the 102.649-102.828 area (see prior post). The pair is currently testing /well breaking below the 200 bar MA on the 4-hour chart at the 102.26 level. The 101.91 level is the 50% of the corrective move higher seen in last weeks trading.

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