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USDJPY Weekly Technical Outlook (10-14 August, 2015) | August 8, 2015



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Usdjpy failed to break 125 physiological level. We can see big bearish candle from 125 level. Last three daily candle produce a bearish reversal pattern. So we can expect some bearish momentum on this pair.


Near term support lies on 124 area. This level will support this pair for few time. We can wait for successful breakout of this support to go for sell on this pair. From this support, if this pair can make bullish candle, then we can go for buy on this pair again.


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