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USDJPY bounces off 200 hour MA
The USDJPY fell to the support area outlined in the post from yesterday (see: USDJPY follows dollar lower). That support came between the 200 hour MA ( green line in the chart below at 127.09 currently) and the trend line connecting most recent lows. The 200 hour MA held like a charm the price has moved higher. The price is not traded below the 200 hour moving average since February 26th. The pair is now approaching the 100 hour MA (blue line in the chart above). The price has traded above and below this borderline level, suggesting the market is not all that excited to trend higher - just yet (waiting for more ... (full story)
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- Mar 17, 2015 1:24pm Mar 17, 2015 1:24pm
- PriceIsRight
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- cristmaster
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- Mar 17, 2015 3:23pm Mar 17, 2015 3:23pm
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