Thursday, July 31, 2014

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains on the upside for the moment. Further rally could be seen through 100% projection of 100.82 to 102.79 from 101.06 at 103.03, towards 104.12 resistance. Nonetheless, as the pair is still bounded in the sideway pattern from 100.75, we'd be cautious on strong resistance below



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