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USD/JPY at Rising Trendline Support and Fibo Cluster
NFP, throwback: The USD/JPY fell after the NFP weakened the USD, but found support at 98.53 and rallied above the 100 handle and the week’s high at 100.20. However, the market retreated into a throwback from the 100.57 high during the 9/11 session. As we get into the 9/12 US session, it is at a key area. Speedline, fibo: The USD/JPY is testing a rising speedline, seen more clearly in the 4H chart, that comes up from the 96.81 low from Aug. 27. 99.31 is also 61.8% retracement of the upswing from Friday to Tuesday. It was also a support pivot from Monday. There is a bullish divergence with the RSI. Price almost ... (full story)
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- Sep 12, 2013 11:44am Sep 12, 2013 11:44am
- holmes
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- Petar_Serbia
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