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USDJPY outlook is less positive & failure to hold above 122.90/85

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 23, 2015.

  1. Sandra S.

    Sandra S. Forum Member

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    Daily Forecast - 23 November 2015 USDJPY Spot USDJPY outlook is less positive & failure to hold above 122.90/85 targets 122.65/60. If we continue lower look for strong support at 122.40/35 with a low for the day expected. Try longs with stops at 122.15. The pair will need to clear 123.05/10 today 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

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