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JPY Daily Review December 4, 2017

JPY Daily Review for December 4, 2017

Technical Outlook for Euro, Sterling, Yen (Crosses), Gold & More

Today, we took a look at several major USD pairs and their near-term prospects, along with a few cross-rates, precious metals, and equity indices.

 

Tech Targets: EUR/USD, GBP/USD, USD/JPY, AUD/USD, NZD/USD – UOB

EUR/USD:Neutral (since 15 Nov 17, 1.1795): Improved undertone but too early to expect a sustained up-move.While the undertone for EUR has improved considerably with strong daily closing yesterday, it is too early to expect the start of a sustained up-move. That said, the current mild upward pressure could lead to a retest of the 1.1960 high seen ea

 

USD/JPY and AUD/USD Forecast December 4, 2017

The US dollar was very volatile against the Japanese yen, as we broke down below the 112 level at one point during the day after it was announced that Genera…

 

Have a nice trading!




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