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Daily Recommendations on Major -USD/JPY

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    DAILY MARKET OUTLOOK Update Time: 23 Dec 2015 08:00 GMT USD/JPY - 120.95 Despite yesterday's resumption of decline from last Fri's 4-week peak at 123.59 to 120.72 due to downbeat U.S. data, subsequent minor rebound suggests consolidation is likely to be in store ahead of release of U.S. data later, as long as 121.50/51 res holds, marginal weakness is still envisaged, however, near term loss of downward momentum should keep dlr above Dec's bottom at 120.35 and risk has increased

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