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butchjong
Mar 5, 2017 2:39 PM

3.76 RR ratio for USDJPY Long

U.S. Dollar/Japanese YenFXCM

Description

Technical Analysis
Yagub True Fibonacci shows S&R levels 2.618 support and could rally to the upside upto 4.618 with a good 3.76 RR ratio.

Fundamental Analysis
The US trade currency with JPY contributes 13.6% weight in the DXY and aswe expect DXY to strengthen further we expect a bull rally in the long term.
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