Saturday, December 28, 2013

USD/JPY Weekly Outlook

USD/JPY's rally continued last week and reached as high as 105.18. Initial bias remains on the upside this week. Current uptrend from 75.56 should target 38.2% projection of 77.13 to 103.73 from 96.56 at 106.72 next. On the downside, below 104.63 minor support will turn bias neutral and bring consolidations.



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