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#1 18-04-2017 13:41:17

johnedward
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From: Paris - France
Registered: 21-12-2009
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USD/JPY: the dollar-yen completes an ABC chart figure and could...

USD/JPY: the dollar-yen completes an ABC chart figure and could resume a bullish turnaround


http://www.forex-central.net/forum/userimages/GoldmanSachs.jpg


Goldman Sachs reports that the USD/JPY has reached a bearish target based on its technical analysis and expects signs of reversal.

The USD/JPY hit its support level and bearish target at 108.45, completing an ABC figure since the December 2016 summit.

A close above the 200-day moving average (at 108.82) would strengthen the prospect of a floor and a bullish turnaround.

The next support level below 108.45 is the previous intermediary summit of July 2016 at 107.49.


"Anything worth having is worth going for - all the way." - J.R. Ewing

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