USDJPY could be a cheap buy-on-dips

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 30, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    USDJPY could be a cheap buy-on-dips before the end of quarter. MACD convergence to signal a bullish reversal. In Japan, the industry production may have slumped at a faster-than-expected speed in February (-6.2% m/m) according to the preliminary figure. The Nikkei and the Topix sold-off in Tokyo, the USDJPY eased to 112.25. As we are approaching the month/quarter end, the USDJPY could be an interesting buy in dips into the 110.60 (March low) starting from April due to a relocation of the yen

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