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Published On: Wed, Oct 29th, 2014

USD/JPY – Technical Analysis (29.10.2014)

Next target for the USD/JPY is 108.50, followed by 109.45. Crucial support lies at 107.38, so above that level the bias will remain markedly bullish.

The strong bounce from 105.20 is absolutely intact indicating that the USD/JPY rapid slide from 110.06 was a mere correction, rather than a game changer.

Next target for the forex pair is 108.50, followed by the 109.45 resistance. Crucial support lies at 107.38, so above that level the bias will remain markedly bullish.

 

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