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    USD/JPY: technical analysis on 05.01.2016

    On the daily chart, the pair broke down its ascending trendline and falling along the lower MA of Bollinger Bands while bands directed down and widened. The price remains below the EMA130 and EMA65 that start turning down. The RSI is testing the border of the oversold zone, while the Composite is about to test its middle of October support. MA’s for both indicators represent a weakness of the market.


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