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  • USD/JPY (H4): Higher levels may be reached
  • Forecast: Retesting 120.30 level and increasing further
  • Alternative Scenario: Moving back below the broken zone
  • Comments: Market broke above the important resistance (120.30)
  • Payout: CALL @ 120.3000 à 77% return expiring at 20:00GMT

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Damian Chmiel
http://financemagnates.com
Member and editor of Finance Magnates - the biggest FX, and binary options B2B website. A graduate of the University of Economics in Krakow, active publicist since 2012. Technical analysis is always more important to him than the fundamentals – however, he does not reject the importance of macro data. As he assumes that, the simpler the better, he is a strong fan of Price Action trading strategy and Fibonacci retracements.

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