Daily Forex price action analysis – 2015-10-27

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USD/JPY is currently stuck on the 120.45 support area, and it is showing signs of indecision. The candle wont close for over five hours on the 8hr and 12hr charts, so anything can happen. However, I am keeping a very close eye on the pair as there is potential for a trade.

Not much is happening on my other pairs so far. Check out the full analysis below.

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My support and resistance areas

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