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USD/JPY Forecast: faces risk of a deeper pullback

USD/JPY’s move below the key trendline support signals bullish invalidation. Break below 108.64 would confirm a bull-to-bear trend change. The Yen surged against the greenback on Wednesday on the back of risk aversion and dovish Fed. The USD/JPY pair fell ...

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USD/JPY And EUR/JPY Analysis

On the 4-hourly chart, USD/JPY has broken channel support and a close below 110.00 opens the way to further declines towards the 38.2% retracement at 108.80 with support at 109.25. A break of 108.80 could see a deeper retracement to ...

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USD/JPY Challenging Uptrend

USD/JPY reversal continues. Test of uptrend support at 110.15 is critical for further extension of bullish bias. Hourly support and resistance are located at 108.74 (25/01/2018 low) and 111.48 (18/01/2018 high). The technical structure suggests short-term … Read Full Story ...

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