Friday, January 31, 2014

USD/JPY Fails To Leave 102.04/101.62

Even though the support at 102.04 provides a fair amount of buoyancy for USD/JPY, the currency pair remains unable to surpass the resistance at 102.90/78. Nevertheless, the long-term bias towards the U.S. Dollar stays bullish, partially due to technical indicators on the weekly chart and partially due to the fact



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