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USD/JPY Forecast: Consolidating near fresh multi-week low
USD/JPY Current price: 112.78. View Live Chart for the USD/JPY Consolidating near fresh multi-week low. The soft tone in equities and bond yields is keeping the USD/JPY pair confined to a tight range and not far from a fresh multi-week low of 112.45 achieved during Asian trading hours. Contained below 113.00, the 1 hour chart shows that the price is well below bearish moving averages, with the 100 SMA heading sharply lower around 113.60. Technical indicators in the same time frame have lost upward strength after entering positive territory, presenting a neutral stance ahead of the US opening. In the 4 hours chart, ... (full story)
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- Mar 20, 2017 12:58pm Mar 20, 2017 12:58pm
- Phil2015
- | Joined Feb 2015 | Status: Worst Trader Ever! | 38 Comments
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- Mar 20, 2017 1:20pm Mar 20, 2017 1:20pm
- Trainman
- | Joined Mar 2012 | Status: Member | 263 Comments
Sure I have a trading plan. Buy low. Sell high. What's yours?