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USD/JPY – Short-term Consequences of Long-Term Resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Earlier today, the Bank of Japan kept interest rates unchanged at -0.10% which pushed the yen higher against the greenback. What does it mean for USD/JPY? In our opinion, the following forex trading positions are justified – summary: EUR/USD: short (stop-loss order at 1.1512; initial downside target at 1.0572) GBP/USD: none USD/JPY: none USD/CAD: none USD/CHF: none AUD/USD: none EUR/USD Looking at the weekly chart, we see that EUR/USD is still trading under the previously-broken green

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