Technician
Short

USDJPY Resting Key Broken Support

FX:USDJPY   U.S. Dollar/Japanese Yen
627 6 4
The price is retesting the 50-days SMA and horizontal resistance level around 103.00, risk remains to the downside as long below this resistance.
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Sam0101
2 years ago
so its going down to 101.5?
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Technician TOP Sam0101
2 years ago
May and may not :) .. But i would speculate on that yeah
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Sam0101
2 years ago
yeah, its better we wait for the FOMC meeting later. Thanks technician
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Sam0101
2 years ago
how come tapered d, the USD still haven't rally? Will it really goes down all the way to 101?
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Technician TOP Sam0101
2 years ago
It didn't rally cause the jpy is strengthening. That is because the overall sentiment of markets is negative, usually when market in risk mode the Japanese is well demanded as a haven currency. On the other hand, the U.S. dollar hasn't rallied against the majors.
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Sam0101
2 years ago
ooo so overall trend stil bearish until it reach somewhere around 101, oni then it will rally ..?
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