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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 - Fading Short-Term Momentum?

USD/JPY seems to fade near its recent high at 108.35. A break of the initial support at 107.79 (24/10/2014 low) would confirm a weakening bullish momentum. An hourly support lies at 107.10. Another resistance can be found at 108.74.

A long-term bullish bias is favoured as long as the key support 100.76 (04/02/2014 low) holds. Despite the recent decline near the major resistance at 110.66 (15/08/2008 high), a gradual move higher is eventually favoured. Another resistance can be found at 114.66 (27/12/2007 high). A key support lies at 105.44 (02/01/2014 high).

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