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USDJPY Daily Forecast: January 09

Sunday, January 8, 2017 22:03
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USDJPY Forecast
The USDJPY was indecisive last week. Price slipped below 116.00, but closed higher at 116.94 and hit 117.43 earlier today in Asian session. This fact could create a false breakdown bullish scenario and keep the major bullish outlook remains valid. The bias is bullish in nearest term testing 118.00/60 area. Immediate support is seen around 116.80. A clear break below that area could lead price to neutral zone in nearest term retesting 116.00 support area.



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  • Ahmed

    USD/JPY is a sort of pair that can cause serious risk if not get right, so we need to be pin point accurate on these things and only then we have better chance of working it out. For me, it’s never issue to worry because of OctaFX and their outstanding features which include small spreads at 0.1 pips to high leverage up to 1.500 while there is also smooth trading platform in cTrader, I just love it and enjoy it in every way which makes me comfortable.

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