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USDJPY Daily Forecast: April 10

Sunday, April 9, 2017 19:45
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USDJPY Forecast
The USDJPY had another indecisive movement last week. Price slipped back above 111.30 key level after another rejection below 110.10 key support suggests a potential bullish short-term bias. The bias is bullish in nearest term testing 112.00/20 area. Immediate support is seen around 111.00. A clear break below that area could lead price to neutral zone in nearest term but key support remains at 110.10 which need to be broken to the downside to continue the bearish scenario.

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  • With elections ahead, it will be very interesting to see where the markets play out, but we just need to be wise with how we work and trade with proper method, as it is something which will bring maximum rewards. I always keep my safe side, it helps with broker like OctaFX given they are offering massive features and facilities which counts for lowest possible spreads from 0.1 pips to huge cash back up to 50% and much more, it all keeps me relaxed with trading in any situation.

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