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USDJPY Daily Forecast: December 02

Thursday, December 1, 2016 19:31
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(Before It's News)

USDJPY Forecast
The USDJPY was indecisive yesterday. The bias is neutral in nearest term but overall I remain bullish with nearest target seen around 115.25. Immediate support is seen around 113.35. A clear break below that area could trigger further bearish pullback testing 112.50 area. Immediate resistance is seen around 114.20 followed by 114.80.

usdjpydaily



Source: http://fxinstructor.com/blog/usdjpy-daily-forecast-december-02-7

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  • USD/JPY has been really riding high in recent days, but just dropped bit, but it’s fair to say that scenario is going to pick up again come next week with the Rate Hike also near, it will be very interesting to see how all things work out. I am always keeping eye on all these things and due to OctaFX broker, I am able to find it all going nicely with their daily market updates facility and also have excellent structure for education where we get great tips to work.

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