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USD/JPY Forecast – US Dollar Sideways on Friday
video The US dollar has gone back and forth during the course of the trading session on Friday, as we are hanging around the ¥142 level. The ¥142 level has put up a little bit of a fight, and we also have an uptrend line just below. That being said, we have the 200-Day EMA above offering a certain amount of resistance, and if we were to break above there, then it’s likely that we could see a bigger move to the upside. That being said, if we break down below the trendline, it could be very negative, opening up a drop down to the ¥138 level. I think the next major catalyst for this pair is going to be the Bank ... (full story)
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