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Stay with the trend – TD Securities

FXStreet (Barcelona) - Analysts at TD Securities see no heavy barriers for the USD/JPY pair till the 124 area, and suggest to stay with the trend.

Key Quotes

“Longer-term trend studies are very supportive of the USD still and we see only limited scope for a USD dip from here—perhaps to the mid-point of the bull channel currently, at most.“

“The strength of the underlying trend suggests shallow and short-lived corrections only.“

“There is little in the way of a quickish move back to the 124 area (2007 highs) from here. Stay with the trend and look to buy into modest corrections.”

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