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30th Oct 2014 USD/JPY Analysis

30th Oct 2014 USD/JPY Analysis

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 USD/JPY climbs back to the 109 price level resistance first seen this year in September

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 A strong break above the downward channel gives rise to sellers exiting their positions while buyers look for more bullish signs to chase

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 108.78 acting as support after breaking through will lead us to focus on next resistance at 109.63 as the pair remains bullish.

U.S dollar climbs against the Yen after trading beyond 108.2 resistance as the FOMC gave the market adrenaline by announcing its hawkish tone on the employment market’s recovery, at the same time reaffirming the lower inflation in the U.S as nothing much more than a reflection of how lower energy prices slowed prices rising in the markets. The BOJ meets only tomorrow to release its National and Tokyo Core CPI year on year changes. USD/JPY broke higher and above the uptrend Fibonacci Expansion level of 161.8% at 108.78, with 109.6 the next resistance at time of writing

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bullish 107.4 108.2108.78109109.6110.5

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