USDJPY Builds On Up Bull Pressure

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 22, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USDJPY: Having followed through higher on the back of its Thursday gains on Friday, further bull pressure is expected. On the downside, support comes in at the 117.50 level where a break if seen will aim at the 117.00 level. A cut through here will turn focus to the 116.50 level and possibly lower towards the 116.00 level. On the upside, resistance resides at the 118.50 level. Further out, we envisage a possible move towards its range top at the 119.00 level. Further out, resistance resides at

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