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USDJPY pay attention to 122.40-60 zone

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 23, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Latest comments from FED members pushed the pair to the upside again re-aligning technical with fundamental analysis. As I have already explained couple of times with EURUSD analysis selling the rallies is the valid option while buying the dips with USDJPY is valid option too. Adding to my previous comment about technical and fundamental realignment, the USD gained on US strong jobs data as Fed is one step closer to a rate hike. Technically the pair is following a bullish zig zag pattern with

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