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Jan 09 - 05:00 PM
USD/JPY: Bearish; A Pullback Towards 109.80 Would Offer 'Perfect' Selling Opportunity - ING
First appeared on eFXplus on Jan 09 - 10:45 AM

ING discusses USD/JPY technical outlook and maintains a bearish bias on a multi-days basis, and flags the 109.80 as an attractive entry to sell on rallies.

"A pull-back towards the former breakout level around 109.80 would offer a perfect selling opportunity in expecting the development of a lower top followed by the next correction.

We recommend selling the rallies within this rally and waiting for the next bearish set-up," ING adds. 

Source:
ING Research/Market Commentary

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