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This year in June USDJPY broke last two year minimums and dropped till 98.955 in support zone. During the year price tested support three times and bounced high to 111.186 after chances for FED's rate hike increased to 100%.
As everybody is sure about rate hike in December we may say majority is buying USD. Because of that dollar is already overbought. Price may around 111.347, 50% fibonacci level of (Dec 2015-june2016). Closer to FED's rate decision it may rise above 50% level. With the rate h…
As everybody is sure about rate hike in December we may say majority is buying USD. Because of that dollar is already overbought. Price may around 111.347, 50% fibonacci level of (Dec 2015-june2016). Closer to FED's rate decision it may rise above 50% level. With the rate h…