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Thread: yen long term view

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    Default yen long term view

    USD/JPY has broken above 115.50 previus Resistance earlier today . Now strong Resistance at 115.90. Beyond resumes the uptrend to 116.50 and even 117.10 maybe next week. on downside, first Support comes around 115.15 previous important Resistance. Below turns back the bearish sentiment for retset of 114.50 and 114.00 bottom.

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    Default

    usdjpy in pervious two months failed to close under trendline so it may go up in

    longterm
    Attached Thumbnails Attached Thumbnails usdjpy.jpg  

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    Default

    How about fundamental analysis, what will happen if Fed cut the interest rate in the next FOMC meeting, I doubt USD/JPY will go up, maybe this is the end of carry trade, especially for USD/JPY. I will wait NFP on Friday to get clear direction.

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    Default

    i sure USD/JPY going up to 117.xx, the R1 is 116.87 then 117.02.

    USD look strong in this week

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