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USD/JPY Forecast: Bears keep control- The USD/JPY pair saw a short lived spike up to 118.84

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 118.01 View Live Chart for the USD/JPY Bears keep control- The USD/JPY pair saw a short lived spike up to 118.84, but the Japanese currency holds to its recent strength and turned back quickly south. Now pressuring the 118.00 level, the 1 hour chart shows that the price failed to establish above a bearish 100 SMA, while the technical indicators turned lower and are around their mid-lines, in line with another leg south. Nevertheless, it will depend mostly on stocks

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