USD/JPY Forecast: Short term bullish towards 119.00

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 19, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 117.86 View Live Chart for the USD/JPY Short term bullish towards 119.00. Despite poor Chinese data released at the beginning of the day, investors have been dropping the safe haven yen, and the USD/JPY pair has been tracking stocks in its way higher, now retreating from its daily high of 118.10. Technically, the 1 hour chart shows that the price is above the 100 and 200 SMAs that anyway maintain a negative tone, while the indicators have retreated from overbought

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