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Forex Forecast: USD/JPY remains a buy on dips, Sell and EUR/USD recovery

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 7, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    In today’s Forex Forecast, Wilson Leung, Director at Trendsetter FX, gives the outlook for USD/JPY and EUR/USD. USD/JPY: Which way will the consolidating break? The USD/JPY pair has held the sideways consolidation for 4 weeks despite the recent economic data and Fed member speech, the disappointing US jobs data failed to break the cross lower, notes Leung. He further says that the market is respecting the sideways patter, the lower range being 118.16 while 121.74 is capping the upside, and the

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