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USD/JPY testing critical resistance - UOB

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    FXStreet (Guatemala) - Analysts at UOB are looking for another leg higher while USD/JPY is testing key resistance.

    Key Quotes:

    "Bullish: Break above 123.60 would shift the focus to 124.60. The current movement is likely the early stages of a sustained up-move.

    A break above the immediate target at 123.60 would shift the focus to 124.60. Stop-loss has been moved higher to 122.20 from 121.80."
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