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USD/JPY Intraday: under pressure - Rabobank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Guatemala) - Analysts at Rabobank noted the technical conditions surrounding USD/JPY.

    Key Quotes:

    "Pivot: 123.05

    Most Likely Scenario: Short positions below 123.05 with targets @ 122.35 & 122.2 in extension.

    Alternative scenario: Above 123.05 look for further upside with 123.25 & 123.4 as targets.

    Comment: The RSI is mixed to bearish."
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