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KQMarkets

USDJPY - Sustained Breakout Above Key Support Level

Long
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
KQMarkets  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Support and Resistance Fibonacci Beyond Technical Analysis USDJPY LONG
3
0
supportandresistance fibonacci beyondta usdjpy long
USDJPY has sustained it's breakout and consolidated above the key support level at 108.528 we mentioned in our last analysis. This is despite poor retail sales data coming in a at -0.3% vs 0.3% forecast therefore we expect further upside potential towards 112 in particular due to more optimism surrounding US and China trade talks as well as Brexit negotiations.
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