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Forex Forecast: Bullish bias on USD/JPY, EUR/USD downside limited to 1.0660

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In today’s Forex Forecast, we offer the outlook for USD/JPY and EUR/USD, with Wilson Leung, Director at Trendsetter FX. USD/JPY: Buy dips around 123.00 Leung remains bullish on USD/JPY, expecting a move higher towards 124.00 and even 124.60-124.70 area. On the trade setup, he advices to buy the dips around 123.00, and maintaining a stop loss 50-60 points below it. But falling below 122.00 will see him reassess the bullish outlook. EUR/USD: Downward momentum weakening On the EUR/USD, Leung

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