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    Technical analysis for the USD/JPY – 18.11.2015

    Level 123.50/60 keeps holding back further growth. The price is consolidating around this barrier on the way up and is now oscillating at around 123.30/20 marks. The indicators are mostly bullish, suggesting dominating uptrend. The breakout of 123.50/60 resistance will give reasons to expect further growth to the previously mentioned targets at 124.30/125.00. However, MACD divergence warns of a possible consolidation within 123.50-122.40 range and another decline towards 122.40 support.

    JPY181115

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!

    Level 123.50/60 keeps holding back further growth. The price is consolidating around this barrier on the way up and is now oscillating at around 123.30/20 marks. The indicators are mostly bullish, suggesting dominating uptrend. The breakout of 123.50/60 resistance will give reasons to expect further growth to the previously mentioned targets at 124.30/125.00. However, MACD divergence warns of a possible consolidation within 123.50-122.40 range and another decline towards 122.40 support.

    JPY181115

    Dear traders, please post your comments to our forecasts and share your own opinion. Your ideas can be very helpful for the newcomers. Thank you!


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