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rauan
Dec 3, 2015 10:36 AM

Would we see 124.10? Long

U.S. Dollar/Japanese YenFXCM

Description

USDJPY extends
with low volatility. Pair has stumbled below 123.60m static resistance from recent highs of 09.Nov and 19.Nov.
Break above 123.60 would lead USDJPY up to 124.10, long-term resistance where descending line from 2015 top 125.84 meets trendline from Jan 2015.
124.10 test is considered as potential sell entry level.
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