USDJPY 2017-12-11 Intra-day analysis.

USD strengthens on November payrolls

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USDJPY 12.12.17

USDJPY intra-day analysis

USDJPY (113.61): USDJPY continued to extend it’s gains, which come after the strong bullish engulfing pattern that was formed. The upside momentum is expected to see USDJPY pushing towards the previous resistance level near 114.00. In the short term, any pullback is likely to be limited to the 113.00 region. The upside bias will shift on a bearish close below the 113.00 region. In this case, we can expect USDJPY to push lower to test the previous support level formed at 112.00.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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John has over 8 years of experience specializing in the currency markets, tracking the macroeconomic and geopolitical developments shaping the financial markets. John applies a mix of fundamental and technical analysis and has a special interest in inter-market analysis and global politics.

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