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5 avr. 2017 12:30

USD/JPY – Potential double bottom, trend reversal above 112.20 

U.S. Dollar/Japanese YenFXCM

Description

Rebound from 110.27 (Apr 4 low) if followed by a bullish break from the falling wedge formation would open doors for a rally to double bottom neckline level of 112.20.

Only a daily close above 112.20 would signal trend reversal – end of the retreat from 115.50 (Mar 10 high).
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