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    USD/JPY: technical analysis on 21.04.2015

    At the beginning of this trading week the pair USD/JPY had pushed off from resistance level of   118.95 and went down to 118.50. After that the pair went up. Upward movement has stopped only today, at the resistance level of 119.80. The main resistance level and the target of the “bulls” is still Fibonacci retracement of 61.8%. Economic calendar is not very eventful this week, therefore the focus should be made on the technical data.

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