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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 19, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 119.36 View Live Chart for the USD/JPY Risk remains towards the downside. The USD/JPY pair has shown little progress this Monday, unable to advance firmly above the 119.35 Fibonacci level, where it currently holds. The latest recovery, after posting a fresh 2-month low of 118.05, has resulted in lower highs weekly basis, which maintains the risk towards the downside. Short term, the 1 hour chart shows that the price is holding above a bearish 100 SMA, whilst the

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