Monday, March 3, 2014

USD/JPY Approaches 50% Fibo

USD/JPY is getting closer to a cluster of supports located between 101 and 100. In addition to 50% and 61.8% Fibonacci retracements, this area is also reinforced by the monthly S1, 200-day SMA and the long-term up-trend line. Accordingly, within these 100 pips we would expect the U.S. Dollar to



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