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USD/JPY Forecast: Upside limited, slides expected below 116.90

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 18, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/JPY Current price: 117.32 View Live Chart for the USD/JPY Upside limited, slides expected below 116.90. The USD/JPY pair opened the week lower, but quickly advanced above the 117.00 level, extending up to 117.43 in the European morning. With the US on holidays and no data scheduled for what's left of the day, the pair is consolidating near the mentioned high, and the 1 hour chart shows that the rally stalled far below its moving averages, while the technical indicators have turned south

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