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Forex Fundamental Analysis: The yen reached the 7 year low

Forex Fundamental Analysis: The yen reached the 7 year low

MACD is in a negative territory.

Trading recommendations

It is logical to expect the renewed decrease and the support level of 1.2330-1.2350 testing, although there is possible rebound towards the 25th figure where we also should expect the bears’ activation. The pair growth above 1.2500-1.2520 will be a positive signal for the euro.

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