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MIG Bank

MIG Bank

MIG BANK, formerly known as MIG INVESTMENTS, was established in Neuchatel, Switzerland as an online Forex broker and in 2009 became the world's 1st Forex…

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USD/JPY Pullback Holds Around Support at 82.00

USD/JPY’s recent pullback, following the DeMark™ exhaustion signal, is holding around support at 82.00.

Only a decisive confirmation above 83.40 and 84.18 will extend the bullish recovery which has already risen almost 10% in only 7 weeks!

The key medium-term upside trigger level can be found at 85.50.

Meanwhile, any further pullback could still extend beneath 82.00. A break here would unlock further moves into 81.10 (38.2% Fib) 80.00-10 (50% Fib/psychological level).

These levels are expected to hold and offer renewed buying opportunities in our model portfolio for USD/JPY’s major long-term 40-year cycle upside reversal.

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