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USDJPY Daily Forecast: November 12
Wednesday, November 11, 2015 18:55
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USDJPY Forecast
The USDJPY had another indecisive movement yesterday. There are no changes in my technical outlook. As you can see on my H1 chart below, price is moving inside my “buy zone” area which is a good place to buy with a tight stop loss targeting 124.00/50. On the downside, a clear break and a daily close below 122.70 could trigger further bearish pressure testing 122.00 or lower.
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-november-12-4
I think lately we have seen the market been bullish while then the trend got changed quickly, it is pretty confusing at the moment where to go with UJ, I will like to wait till situation clears, as it’s’ big risk for anyone to go without been certain about things. I am working with OctaFX broker and they are having mouth-watering features especially the lovely 50% bonus on deposit, it is world class and helps me get success easily, so that’s why I love it.