Monday, December 8, 2014

The USD/JPY may try to break new highs

Fundamentally speaking everything points out to more weakness on the Yen versus the Dollar. Even though today we had a down day for the USD/JPY, this could be an opportunity for new traders to come in or to add to current positions expecting the pair to continue higher. Therefore, let us pay attention to another possible visit of the 121.85 level, which is its latest high. For the moment, the 120.00 level stays as a good support zone.


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