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ninasimone
Dec 3, 2014 3:31 PM

Yen going to rebound? Long

U.S. Dollar/Japanese YenFXCM

Description

Last week the USD/JPY pair again managed to reach local highs, after which it suddenly turned bearish and fast gave up 500 points within several hours. Despite this I still expect the pair to advance up to 10-year lows, and for this reason any breach of the closest high will give a chance to launch long positions.

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