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USD/JPY Forecast October 21, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 21 October 2015 06:02 UTC

The USD/JPY pair broke higher during the course of the session on Tuesday, testing the 120 level. With that being the case, the market should continue to go higher and towards the 121 handle given enough time. Pullbacks on short-term charts will more than likely be the buying offer opportunities that we take advantage of, as we believe the market is simply trying to continue consolidating as it has been since the middle of August. With that being the case, we are bullish and have no interest whatsoever in selling this market at this point in time as there seems to be quite a bit of support below.

 

 

 

 

 

 

 

USD/JPY Forecast October 21, 2015, Technical Analysis

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