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FX.co ★ Technical analysis of USD/JPY for 10th November, 2016

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Forex Analysis:::2016-11-10T07:26:56

Technical analysis of USD/JPY for 10th November, 2016

Price dropped perfectly to our profit target yesterday. We turn bullish above 105.48 support (channel breakout level, horizontal breakout level) for a push up to 106.67.

RSI (34) still has some upside potential to play.

Buy above 105.48. Stop loss at 104.70. Take profit at 106.67.

Technical analysis of USD/JPY for 10th November, 2016

Analyst InstaForex
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