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USD/JPY Forecast February 25, 2016, Technical Analysis

Daily Forex Reports | by FX Empire | Thursday, 25 February 2016 09:06 UTC
The USD/JPY pair went back and forth during the course of the day on Wednesday, as we ended up forming a fairly neutral candle. This neutral candle was towards the bottom of the recent action, so therefore if we can break above the top of the range for Wednesday, this should send the market looking for the 115 level. On the other hand, if we break down below the bottom of the range for Wednesday, the market should then reach towards the 110 level. Ultimately, the one thing you can count on is quite a bit of volatility.

 

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