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  1. Price Pattern - USDJPY Targets 115.90 With Key Reversal Candlestick Patterns Missing

    by , 11-09-2014 at 11:21 PM
    Talking Points

    • Strategy: Long, Stop: 114.60 (Close), Target: 115.90
    • Absence Of Bearish Signals Opens Further Gains
    • Watching H4 Chart For Signs Of Bulls’ Exhaustion

    USD/JPY has continued its journey higher with a void of reversal signals opening the prospect of a run on 115.90 (the Nov ’07 high). A pullback below former resistance-turned-support at 114.60 would be required to warn of a correction for the pair.

    Absence Of Bearish Signals Casts Risks Higher ...