Spot USD/JPY Forecast for 01/27 January by Daytradeideas.com

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The USDJPY broke 90.13/25 highs and continued through the next target of 90.79 reaching 91.19. This week we are looking for 91.48 as the next target. This may trigger some profit taking so watch for a pull back but if we break higher again in this powerful run look for 92.08/12.A drift lower should find support at 90.46 then 90.00. Unlikely we fall any further for today but look for 89.63 then 89.26 as further support.

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Long term levels95.86     Weekly 78.6% Fibonacci93.99     Monthly 38.2% Fibonacci91.48     Weekly 61.8% Fibonacci91.19     Last Week’s high88.06     Last Week’s Low86.86     Monthly 23.6% Fibonacci

 

 

The article was first published by DayTradeIdeas.com

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