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#1 12-07-2017 08:43:37

johnedward
Admin & Trader
From: Paris - France
Registered: 21-12-2009
Posts: 1892
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USD/JPY: the pair is approaching a critical resistance zone (G. Sachs)

USD/JPY: the pair is approaching a critical resistance zone (Goldman Sachs)


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


The USD/JPY pair is approaching a strong resistance level according to Goldman Sachs.

"The USD/JPY's reaction to the 115.07 threshold will likely be significant. It will be interesting to see if the pair forms a top in this area.

Alternatively, a break of 115.07 would allow for a more impulsive rise. The above confirmation point should be 115.62, then paving the way towards 118.93 in case of a break.

Technical analysis suggests, however, a correction in favor of a resistance at 115.07.

Our analysis: We are expecting selling at the approach of 115, but not higher than 115.62. A break here could initiate a move towards 118.93."


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

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