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USD/JPY To Fall Back To 120.00

Discussion in 'Technical Analysis' started by Kaitlin, Oct 24, 2015.

  1. Kaitlin

    Kaitlin Forum Member

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    The US Dollar exceeded expectations and rallied towards the resistance line at 120.63 on Thursday. Even though technical indicators are not giving any particular sense of direction today, the USD/JPY is still likely to undergo a correction. The eight-week consolidation trend remains intact and, thus, the Greenback should bounce back,[​IMG]

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