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USDJPY Discussions

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USD/JPY: Lower consolidation likely, but buy the dips

 

Woodcock sees upside room for USD/JPY, both technically and fundamentally. With the pair struggling to take 125.00, the current levels offer a nice opportunity for a pullback. A lower consolidation is expected in the pair, but Woodcock suggests to buy on any dips. He further believes that even a pullback to 115.00 levels won’t spell disaster for the cross.

 

See more at: EUR/GBP guiding the Sterling, USD/JPY remains a buy on dips | TipTV.co.uk

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Will the FOMC Minutes be the catalyst for a USD/JPY move higher?

 

Wilson Leung, Director, Trendsetter FX, joined Tip TV to offer the technical outlook for USD/JPY and GBP/USD.

 

USD/JPY – Will the dollar bulls return?

 

Leung believes that the US FOMC Minutes to be released ahead might be the catalyst dollar bulls await. He further maintains a buy on dips approach on the pair, suggesting to buy any weakness towards the 124.00 area, but maintains a stop loss at 123.00 Leung believes that USD/JPY will have to stage a break of its yearly highs at 125.86 for the dollar bulls to be back in control.

 

See more at: Will the FOMC Minutes be the catalyst for a USD/JPY move higher? | TipTV.co.uk

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Forex Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55?

 

USD/JPY expected to move lower

 

USD/JPY looks like a textbook trade, notes Woodcock. He further believes that the cross will likely head lower to test 115.50 level, where he seeks to enter into a bullish position on the pair.

 

See more at: Fx Forecast: GBP/USD outlook negative, EUR/USD to re-test Black Monday highs, USD/CAD to 1.55? | TipTV.co.uk

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