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USDJPY Weekly Technical Outlook 22-28 February, 2016 | February 21, 2016



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Usdjpy is following a downtrend recently. So we should follow this trend to join with this down rally. This pair has retested from 113.15 resistance level. So this level can be good level for this pair for sell. Below this resistance, we need to find sell opportunity on this pair below this level.


Last trading day, this pair has bounced back from 112.30 level. After breaking this level, this pair can fall again. Next target for this pair will be 111 level. It will be very strong support level for usdjpy.


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