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JohnFortune

UsdJpy - Test of Range Bottom To Provide Long Opportunity

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
JohnFortune  
FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Wave Analysis USDJPY USD jpy usdjpyanalysis Forex forexsignals Technical Analysis technical_analysis
3
0
trendanalysis chartpattern waveanalysis usdjpy usd jpy usdjpyanalysis forex forexsignals technicalanalysis technical_analysis
After a sustained period of consolidation last week we look towards the range bottom and the 112.117 area of support to provide a great place to look for Bullish formations on this pair, looking to initiate potential longs up towards the targets of 113.603 and 14.288 respectively. As long as the USD Index Bull run doesn't stall and the 112.117 area of support holds, these target should be on the cards for next week.
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