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USD/JPY stuck between 123.00 and Nov high

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 8, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Technical Analysis EUR/USD is committed to penetrating 1.08 “With no major U.S. economic data until U.S. retail sales on Friday, commodity price themes will drive trading this week.” - Commonwealth Bank of Australia (based on Reuters) Pair’s Outlook EUR/USD still continues to absorb a substantial rally of the previous week. There is more room for a rise up to the 55-day SMA at 1.0984 in the nearest future. However, the broader outlook favours the bearish scenario for the moment. We see 1.08 as

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