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USD/JPY Forecast: Approaching a critical resistance

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 120.98 View Live Chart for the USD/JPY Approaching a critical resistance. The USD/JPY pair is approaching the 121.00 figure ahead of the US opening, with investors all of a sudden buying the greenback, with no clear catalyst behind the move, but dollar's strength. The pair may advance beyond the mentioned level, up to a critical resistance area around 121.45, the 200 DMA and the line in the sand for investors, as the pair has met selling interest on approaches to that

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