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FX.co ★ USD/JPY profit target reached again, continue to buy

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Forex Analysis

2016-10-11T05:34:48
iconLong-term review

USD/JPY profit target reached again, continue to buy

Price has reached our profit target once again. We look to continue to buy above 103.35 support (Fibonacci retracement, wave structure) for a further push up to 104.95.

RSI (34) remains above a strong ascending support which keeps our bullish view.

USD/JPY profit target reached again, continue to buy

Buy above 103.35. Stop loss at 102.75. Take profit at 104.95.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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