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Euro Technical Outlook: EUR/USD and EUR/GBP Prices and Forecasts
2021-02-27 04:00:00
Euro Price Forecast: EUR/USD at Risk of Reversal with US PCE Data on Tap
2021-02-26 07:30:00
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Crude Oil Price Forecast: Do the Charts Hint at a Pullback?
2021-02-27 17:00:00
Canadian Dollar Forecast: USD/CAD Price Hangs on Reflationary Market Sentiment
2021-02-27 08:00:00
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Dow Jones, Nasdaq 100, S&P 500 Forecasts for the Week Ahead
2021-02-27 11:00:00
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2021-02-26 01:30:00
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Gold Price Forecast: XAU Tanks Hard as Yields, Inflation Fears Climb
2021-02-27 20:00:00
Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done?
2021-02-26 20:00:00
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British Pound Technical Outlook: GBP/USD Signals More Losses Ahead
2021-02-27 23:00:00
GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?
2021-02-26 16:00:00
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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
2021-02-25 23:22:00
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Forex Analysis: Staying Long USDJPY for Now

Forex Analysis: Staying Long USDJPY for Now

Ilya Spivak, Head Strategist, APAC

I entered long USDJPY at 78.67. Prices are now pulling back to support in the 79.53-60 area marked by the August 17 close and the 23.6% Fibonacci retracement. A break below that exposes the 38.2% level at 79.13. I will continue to hold long for now but revise the stop-loss higher to be triggered on a daily close below 79.53, locking in some gains. The objective remains a close above the 80.39 level (which would expose the 81.00 figure as the next key barrier).

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