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USD/JPY Back to Support

USD/JPY Back to Support

Jamie Saettele, CMT, Sr. Technical Strategist

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Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-โ€œUSD/JPY has turned up from channel support but 115.00ish represents a good test for strength. The level is defined by former highs/lows since February 2016. If price can clear 115.00 then focus would shift towards the trendline near 118.00.โ€ USD/JPY has pulled back and is testing support (channel) so Iโ€™m open to a turn higher.

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