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USDJPY is however now back above 122.90/85

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 20, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    Daily Forecast - 20 November 2015 USDJPY Spot USDJPY is however now back above 122.90/85 to target first resistance at 123.25/28. A break above 123.40 then targets double top highs at 123.59/67. Try shorts with stops above 123.80. Just be aware that a weekly close above 123.70 is a buy signal for next week. First support at 122.90/85 & I still think this could hold the downside today but longs need stops below 122.60. A break lower sees 122.90/85 work as resistance to target strong support

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