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USD/JPY stuck around 122.50

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 27, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD to end the week in tranquil trading “He [Mario Draghi] is going to pull a rabbit out of the hat -- we’re just not sure what that rabbit will be. The euro is going down heavily.” - BMO Global Asset Management (based on Bloomberg) Pair’s Outlook EUR/USD continued to trade in a tight range on Thursday, owing to lack of major fundamental and technical drivers throughout the day. Closest support, namely the weekly S1 at 1.0586, is not considered as a very strong one.

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