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USDJPY






12/11/2014 2:01:05 AM

USDJPY - Technical Analysis: Thursday, 11/12/2014 07:01 GMT



The ascending channel’s support line was broken, to begin intraday bearish correction.

The exponential moving average 50 negative pressure supports more correctional decline, and stochastic positivity might push the price for temporary recovery attempts.

Breaking 117.25 is considered as a confirmation key to extend the expected retracement.


Target
Risk


Support
Resistance


Trend Bearish

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