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USDJPY: Minor Correction Unfolding, More Upside Could Follow

Discussion in 'Technical Analysis' started by Kaitlin, Feb 1, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    USDJPY is one of the promising potential candidates for trading. After BOJ lowered its deposit rate in minus, investors are not encouraged to hold JPY. Initial reaction after the announcement is developing in a five wave-sequence but is still not complete. We expect a small pullback in blue wave iv[​IMG]

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