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USDJPY: Pressure Builds Up On The 111.65/00 Zone

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 23, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USDJPY: With the pair remaining weak and following through lower on Tuesday trading session, further weakness is envisaged. On the downside, support comes in at the 111.50 level where a break if seen will aim at the 111.00 level. A cut through here will turn focus to the 110.50 level and possibly lower towards the 110.00 level. Its daily RSI is bullish and pointing lower suggesting further weakness. On the upside, resistance resides at the 112.50 level. Further out, we envisage a possible move

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