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US$/¥ Exchange rate news (1st September 2015 11:00)

Written by  Trading expert Published in Market Data Friday, 04 September 2015 00:00
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USD/JPY turns lower again for a renewed bearish outlook. USD/JPY is moving lower, following a failed attempt to break higher yesterday. The move below the ¥120.88 points towards the completion of the topping formation, and I believe we are now set for a substantial move lower in this pair. The ¥120.0 mark appears to be the next likely...
USD/JPY turns lower again for a renewed bearish outlook. USD/JPY is moving lower, following a failed attempt to break higher yesterday. The move below the ¥120.88 points towards the completion of the topping formation, and I believe we are now set for a substantial move lower in this pair. The ¥120.0 mark appears to be the next likely support level to hit, yet overall I believe we are set for a strong move lower in the coming days. A move back above the ¥120.145 mark would be needed to negate my bearish view.
Read 894 times Last modified on Friday, 04 September 2015 07:17

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