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Abdullah_x47
Dec 4, 2016 2:49 PM

USD/JPY Trend Support/Resistance  

USD/JPYOANDA

Description

With the Italian Constitutional Referendum, the US rate hike, the Euro is most likely to fall from its support. The USD/JPY being parallel to US Dollar Index, the pair is most likely to rise more, after the market correction in the near future. In the coming week, I think the pair is most likely to fall 110-111 level and after that it would continue its bullish move. So its "short" in near future and "long" in the bigger picture.
Comments
graham.edwards84
I'd say you're spot on with your comments Abdullah, nice chart too.
Abdullah_x47
@graham.edwards84, Thanks. appreciate it :)
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