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USD/JPY Forecast: Bouncing from 118.05, upside seen limited

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Oct 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 118.52 View Live Chart for the USD/JPY Bouncing from 118.05, upside seen limited. The USD/JPY fell sharply for a second day in a row, after finally breaking its almost 2-month range. The pair traded as low as 118.05 in the European morning, stalling around the 23.6% retracement of its latest decline. The release of US better-than-expected inflation and employment data, helped the pair to bounce up to 118.55, which is the base of the mentioned 2-month range. The 1 hour

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