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Daily Forex Chart Art - Dec. 10, 2015

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 10, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USD/JPY: 1-hour Breakout alert! USD/JPY’s range, the one that has been intact since early November, has finally seen a breakout yesterday. The pair touched an intraday low at 121.08 and is now trading just above 121.50. With Stochastic in the oversold region, the dollar is open to a move back to the 122.30 range support (and 50% Fib) for a break-and-retest trade. A short at the levels could get you some pips if you don’t think that we’re seeing a fakeout and that USD/JPY will drop back to

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