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Trader, analyst and instructor with a 6-year experience

Commerzbank: buy USD/JPY

Analysts at Commerzbank expect USD/JPY to extend rebound from 96.95 (200-day MA). In their view, the pair is now targeting the 6-month resisistance line at 99.70. 

“Potential dips should find minor support around 97.50 (late September low). Further support lies at 96.95 ahead of 95.70 (August low).”

 

Chart. H4 USD/JPY

JPY
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