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Forex Flash: USD/JPY looks Technically bullish ahead – Nomura

FXstreet.com (Barcelona) - Nomura strategist Saeed Amen has taken a technical look at USD/JPY for the week ahead and has a bullish outlook.

Looking at his daily chart he begins by noting that spot is up on the week and he is keeping his bullish view. First, he notes that spot broke through the key 100 level and also broke the upper Bollinger band. Further, the RSI has also risen, suggesting momentum is on the upside and is close to overbought territory. He sees that bandwidth has also expanded, indicating we are in a breakout phase. His target is 102.

Forex: USD/CHF jumps to 0.9625, highest since August 2012

After a brief period of consolidation between 0.9540 and 0.9585, the USD/CHF has resumed its uptrend to break above the range and trade at 0.9625, highest level since August 28. Currently the pair is pricing at 0.9605.
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Forex: EUR/JPY pulls back below 132.00

The shared currency is correcting some of its recent gains versus the yen as markets begin to calm ahead of the weekend.
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