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USDJPY Daily Forecast: October 05

Tuesday, October 4, 2016 19:10
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USDJPY Forecast
The USDJPY had a bullish momentum yesterday topped at 102.96. The bias remains bullish in nearest term targeting 103.35 – 104.00 region. Immediate support is seen around 102.50. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 101.80 would potentially end the double bottom bullish scenario. Overall I remain bearish.



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  • Ahmed

    USD/JPY at the moment is pretty hot with the pair hanging quite high, but there might be good chance for sell, but we got to be very wise with how we deal up and that’s why we need to be extremely careful. I am operating with Islamic account with OctaFX broker and that allows me to do long term trading very easily due to no issues with paying overnight charges at all, so that makes me entirely comfortable and relaxed with doing everything!

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