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workingtraders
Jun 24, 2015 2:24 AM
$USDJPY Strength to continue as rate hikes heat up
Long
FX:USDJPY
1D
U.S. Dollar/Japanese Yen
FXCM
Description
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Jun 24, 2015 2:24 AM
Technical on the chart.
BOJ will continue printing Yen until inflation target hits.
US Sept or Dec hikes are coming much before BOJ hits its inflation target.
Mix data currently but quality is getting better.
I will target the physiological round number 130.
All dips will be bought unless 118 breaks
USDJPY
Comments
PriceActionTrading
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Jun 24, 2015 2:33 AM
Hi workingtraders,
Im thinking bearish notion for this pair, for this week and next at least.
workingtraders
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Jun 24, 2015 2:36 AM
fair enough. Data could drive it. Id be a buyer at your target level.
PriceActionTrading
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Jun 24, 2015 2:47 AM
Yes definitely. Will be a buy too if the W1 gets invalidated due to news.
More
Im thinking bearish notion for this pair, for this week and next at least.