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USDJPY achieves strong gains – Analysis - 29-03-2018
The USDJPY pair rallied upwards strongly yesterday to breach 105.95 and approaches the first positive target at 107.40, which hints the price head to return to the correctional bullish track, noting that breaching the last level will extend the pair’s gains to reach 108.53 as a next station.
Holding above 105.54 keeps the chances valid to continue the bullish trend in the upcoming sessions, supported by the EMA50, taking into consideration that breaking this level will push the price back to the main bearish trend that its next target located at 104.60.
Expected trading range for today is between 105.90 support and 107.40 resistance.
Expected trend for today: Bullish
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GBPUSD under the negative pressure – Analysis - 29-03-2018
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