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USDJPY, after forming a solid bottom at 110.30, rallied and printed higher high above 111.50. Fundamentals ( Strong US GDP ) confirm more strength in USD, which should help to bring this market higher. The weekly momentum is now overbought and suggesting more upside is likely. I expect the higher high to rally a little bid more and the price should correct to the downside to re-test the support/former resistance. I mark the support at 111.30.
Tags: March 2017,
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