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USD/JPY Sets Off With Quiet Trade

Discussion in 'Technical Analysis' started by Kaitlin, Nov 2, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    Although the Greenback remained strong through most of Friday, the excessive pressure from the weak fundamental data pushed the USD/JPY towards 120.60. Despite bullish technical indicators, the US Dollar still risks falling deeper towards the 120.00 major level, as there has still been no rather gradual sell-off after the 55-day[​IMG]

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