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USDJPY Technical Analysis 20.07.2016

USDJPY

The pair is higher than 106.00 level and has all the chances to continue rising amid the earlier-than-expected interest rate hike in the US>

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is lower than 50% level, but rising. Stoch are trying to turn upwards.
 

Trading recommendations: Buy the pair; the probable target is 107.25.

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