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USDJPY Daily Forecast: November 25

Thursday, November 24, 2016 19:41
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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday topped at 113.53 and hit 113.89 earlier today. The bias remains bullish in nearest term testing 114.50 region. Immediate support is seen around 113.00. A clear break below that area could lead price to neutral zone in nearest term but overall I remain bullish and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily/weekly close above 114.50 would expose 116.00 or higher next week.

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  • Trading on USD/JPY at the moment seems pretty tough with the pair in some serious mode, it’s vital that we trade with proper way and right approach because one mistake can cause huge trouble. I do it all very nicely thanks to support that comes with OctaFX broker; I love it with their low spreads from 0.1 pips, zero balance protection, rebates and much more, it’s all superb and helps in great way to work well and bring extra zip to the play.

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