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Yen Strength Continues

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Yen strength continues The Yen has been in sharp focus this week as it has continued to strengthen across the board. The weekly Dollar/Yen chart shows the break of the previous triple bottom support at 111and subsequent drop. This is something I have been calling for ever since the first test down a couple of months ago. Where now though? You could make an argument that there is a slight positive divergence on the RSI with these lower lows and this should certainly breed some caution.

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