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USD/JPY Retains Bullish Bias

Discussion in 'Technical Analysis' started by Kaitlin, Oct 28, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Although USD/JPY is currently negating recent gains, the outlook on the currency pair is bullish, as it is undergoing a correction. After consolidation, which should not extend far beyond the 55-day SMA, the price should rise up to 122, where it will come in contact with a tough resistance level[​IMG]

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