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USDJPY break-out imminent ?
Thomas Light from Faraday research sees price compression in the three month USDJPY chart as a sign of an imminent break-out.
The chart shows tight price coiling within a long-term wedge pattern and Thomas says:"In 2013 a breakout of the wedge sparked a 600 point move higher. Then again in 2014, a six month period of price compression was followed by a 700 point rally."
01:26 minutes
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