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USD/JPY Forecast: Technicals less relevant ahead of Fed

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Dec 15, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 121.15 View Live Chart for the USD/JPY The USD/JPY pair trades near its daily high of 121.21, having erased all of its intraday losses ahead of the US opening. The pair has been capped by a slightly bearish 100 DMA ever since the week started, and retains an overall bearish tone in the longer term, albeit with the FED's outcome to be release in a bit more than 24 hours, is quite unlikely that technical readings will determinate the future of the pair in term. Shorter

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