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Published On: Thu, Dec 11th, 2014

USD/JPY – Technical Analysis (11.12.2014)

The USD/JPY correction will extend further. Next target is 117.20; a breach there will send the pair to the 115.40 support. Initial resistance is 119.14.

The possible pullback in the USD/JPY that we mentioned in our last technical analysis materialised. The correction has the potential to extend further given the drastic rise in the forex pair recently. Next target to the downside is 117.20. A breach there will send the USD/JPY to the 115.40 support. Initial resistance is expected at 119.14.

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