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USD/JPY testing the high end of the 'Wedge' – eFXnews

FXStreet (Barcelona) - The eFXnews team note that the market is back testing the high end of the wedge at 117.50.

Key Quotes

“The (Fibo-adjusted) 8day 'Tenkan-Sen' ascends and brings dynamic support with it. The market is back testing the high end of the 'Wedge' at 117.50 and if violate an upper parallel at 118.05 would end up within reach - ahead of the next key resistance zone at 116.10 & 115.65/45/ Current intraday stretches are located at 116.20 & 117.70.”

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