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USD/JPY Forecast: spiked up to 123.36 following the release of the US employment data

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 4, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 122.79 View Live Chart for the USD/JPY The USD/JPY pair spiked up to 123.36 following the release of the US employment data, but failed to extend its rally and retreated below the 123.00 level ahead of the US session. The pair continued consolidating mid-range,, trapped between 122.20 and 123.70, the levels to break to confirm some directional strength. Short term however, the pair maintains a bearish tone, given that in the 4 hours chart, the price is now below its 100

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