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Forex – Chart USD/JPY Update: Further consolidation

08:50 BST – Still no follow through after Wednesday trade, with prices balanced in consolidation. Mixed studies highlight further caution. Resistance remains at the 111.30~ August downtrend. A break a… Read Full Story at source (may require registration)

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USD/JPY: Guided by the risk sentiment – Westpac

Robert Rennie, Research Analyst at Westpac, notes that the sharp rise in risk aversion over the last week has seen the ¥ strengthen and they see risks that markets will remain risk averse into Septemb… Read Full Story at source ...

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USD/JPY Bear Flag in Wave B Correction

The USD/JPY is building a triangle chart pattern which is indicated by the support (blue) and resistance (red) trend lines. The wave patterns suggest that a bearish breakout is most likely as part of … Read Full Story at source ...

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USD/JPY Upsides Remain Capped Near 111.20

The US Dollar remains in a short-term downtrend below the 111.50 pivot level against the Japanese Yen. There is a declining channel forming with resistance near 111.20 on the 4-hours chart of USD/JPY. … Read Full Story at source (may ...

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