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USDJPY Outlook: Intraday bias remains bullish | December 28, 2016



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Usdjpy has broken triangle pattern on h1 time frame as shown on the above chart. This pair found support level at 117.00 level and now it has started bullish movement again and broke triangle chart pattern. So we should look for buy entry on this pair above 117.00 level. 117.25 level can be good buy level for this pair. Stop loss will be below 117 level.


On the other hand, if this pair can break the support level, then we need to look for sell entry on this pair. Main trend of this pair is uptrend, so we need to look for buy from every retracement.


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