Japanese Yen head for biggest weekly drop since 1999

Japanese Yen head for biggest weekly drop since 1999

Rami
14 (07) 2016 - 12:22 (GMT)
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Japanese Yen managed to head for farther advance after broke above resistance 103.60 after PM Shinzo Abe won election where traders awiting more details over the coming stimulus programe around the end of this month.

market still have chance for farther advance toward 106.40-80 zone while as long as market holding below 107.00-25 we will expect another drop toward 103.20-60 which may drive another rebound from there

above 107.25 market may head toward 10790 and 108.50, while below 103.00 more drop may occur toward 100.00-70 zone

zone of 106.40-80 will consider good zone to short-sell market with stop above 107.25 and target toward 103.60-90

USDJPY

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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