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USDJPYdaily page 0012

The USD/JPY pair might rise in the next period, according to our technical analysis. The RSI remains in the bullish zone on the daily chart. The price might rise slower above 110.62 (Fibo 0.61). However, the price will continue to fall in the medium-long term, according to the weekly chart.

For personalized analysis and daily signals, contact us at office@forexcapitalexperts.com.

The most important data of this week:

May 15
Japan GDP QoQ – (unchaged estimated); ( +0.4% previous)
YoY - (-0.1% estimated); ( +1.6% previous)
May 17
Japan CPI YoY - (+0.7% estimated ); (+1.1% previous)

USDJPYweekly page 0012

 

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