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USD/JPY Forex Analysis | Dollar Yen Pair Forecast | Forex Trading Tips

6mo ago
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http://www.pillartrading.com The BOJ intervention appears to have only slowed down the inevitable fate of the Dollar/Yen. The shorts once again have stepped in and are now pushing price past the last support area. The next stop on the mid term time frame is right back at lows of 82.87. The major weekly and daily targets are still valid below and if price can break through the double bottom caused by the BOJ intervention we will see a vacuum to our targets. Anticipate massive covering if we can get to those targets from long term bears taking profits.