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USD/JPY Forecast: Nearing critical resistance at 122.20

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 16, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 121.90 View Live Chart for the USD/JPY Nearing critical resistance at 122.20. The USD/JPY pair flirts with the 122.00 level this Wednesday, having extended its rally during the Asian session on hopes the US will raise rates and therefore favor some dollar demand. Despite the upcoming directional move will depend solely on how the market reacts to the FED, the technical picture is mildly positive in the short term, as in the 1 hour chart, the price extended further above

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