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DRodriguezFX
May 28, 2015 4:48 PM

USDJPY Moves in fits and starts Long

FX:USDJPY1D
U.S. Dollar/Japanese YenFXCM

Description

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The USDJPY looks to be finally breaking out of its range. I wrote about my trade preferences here: dailyfx.com/forex/analyst_picks/todays_picks/david_rodriguez/2015/05/27/forex-trading-US-Dollar-versus-Japanese-Yen.html . Put simply, when the USDJPY goes it really goes. Given the overall uptrend I think it's reasonable to expect a test of 125.70 at which point we might trail our stops and look for further gains.
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