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USDJPY Weekly Analysis - January 10, 2016

Long Term Forex Analysis | by ForexCycle.com | Sunday, 10 January 2016 12:04 UTC
USDJPY is facing 116.13 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already, then the following downward movement could bring price to 110.00 area. Near term resistance is at 119.20, only break above this level could trigger another rise to 123.00 zone.

usdjpy chart

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