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Short-term Trading Idea FX USD/JPY – Bull Speculation: Development on Ideas from 26/10

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Trading opportunities for currency pair: after a correctional movement, a growth for the dollar against the yen to 124.30/50 is expected due to Fed rate hike expectations for December. Background: The last USD/JPY idea I did came out on 26th October. The price at the moment of publication was 121.46. I expected to see a break in the 121.68 resistance before the FOMC meeting (28th October) and then a subsequent growth to the 123.48-124.51 target zone. The 123.48 price level was reached on 9th

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