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6th Oct 2014 USD/JPY Analysis

6th 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 U.S NFP data sent the USDJPY towards 110 yet again after 2 days of correction. Price closed below 109.91 at the end of the trading week.

 

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 The lack of a higher high and pending BOJ announcements this week may see the USDJPY consolidate today

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 Signs of lower highs on the USDJPY on the H4 timeframe may see short terms traders emerge to buy more Yen

USD/JPY fails to trade higher amidst a bullish USD sentiment forming last week, and could be the initial signs of a market failing to keep optimism with the weakening Yen and planning for more confirmation from the BOJ later this week before making their moves. A lower high ahead of the BOJ announcements may see short term traders buy more Yen.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Slight Bearish107.38108108.5110110.5111.3

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