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USD/JPY Forecast: Short term bullish above 118.40

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 13, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 118.10 View Live Chart for the USD/JPY Short term bullish above 118.40. The USD/JPY posted a shallow advance this Wednesday, rallying up to 118.37 during the Asian session. The pair however, has spent most of the first half of the day consolidating within a tight range, meeting buying interest on approaches to the 118.00 level. Technically, the 1 hour chart shows that the price extended above its 100 SMA, currently around 117.65, but stalled short from the 200 SMA, the

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