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22/12/2014 USDJPY set to rise with a stronger Dollar and weaker Yen.

22/12/2014 USDJPY set to rise with a stronger Dollar and weaker Yen.

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics, inflation, deflation, recession USDJPY was initially exhausted at Fibonacci extension 161.8% at 120.18 and subsequently came back down. However, with the election of President Abe and bullish fundamentals of the Dollar, the pair went back up after reaching a low of 115.55.

 

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics, inflation, deflation, recession Candles started to continue on the uptrend forming a support at 116.39. If the uptrend continues and break 121.83, it is highly possible for the pair to move to the region of 123.

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics, inflation, deflation, recession Previous resistance at 118.83 has turned into a support, allowing for the continuation of the uptrend.

Broker of the month
Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bullish  116.39 117.33 118.83 120.00 120.83  121.51

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