USDJPY Corrective Pullback Risk Remains In Place

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USDJPY: Having continued to maintain below the 123.74/99 zone and weakening on Tuesday, USDJPY corrective pullback risk remains in place. On the downside, support comes in at the 122.50 level where a break if seen will aim at the 122.00 level.

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12/2/2015 www.fxtechstrategy.com FXTechstrategy GBPUSD Technical Strategy Currency Technical Research www.fxtechstrategy.com USDJPY Corrective Pullback Risk Remains In Place Gives You A Trading Decision Edge Wednesday 27 N o v ’15 Highlights:

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F 12/2/2015 www.fxtechstrategy.com FXTechstrategy Commodity Technical Strategy USDJPY: Having continued to maintain below the 123.74/99 zone and weakening on Tuesday USDJPY corrective pullback risk remains in place. On the downside support comes in at the 122.50 level where a break if seen will aim at the 122.00 level. A cut through here will turn focus to the 121.50 level and possibly lower towards the 121.00 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside resistance resides at the 123.50 level where a cap may be occur again. Further out we envisage a possible move towards its range top at the 124.00 level. Further out resistance resides at the 124.50 level with a turn above here aiming at the 125.00 level. On the whole USDJPY corrective pullback risk remains in place while trading below the 123.74/99 resistance zone. USDCAD

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f 12/2/2015 www.fxtechstrategy.com FXTechstrategy FXT Technical Strategist Plus This report is prepared solely for information and data purposes. Opinions estimates and projections contained herein are those of FXTechstrategy.com own as of the date hereof and are subject to change without notice. The information and opinions contained herein have been compiled or arrived at from sources believed to be reliable but no representation or warranty express or implied is made as to their accuracy or completeness and neither the information nor the forecast shall be taken as a representation for which FXTechstrategy.com incurs any responsibility. FXTstrategy.com does not accept any liability whatsoever for any loss arising from any use of this report or its contents. This report is not construed as an offer to sell or solicitation of any offer to buy any of the currencies referred to in this report. Click here for full disclaimer Disclaimer

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