Monday, December 1, 2014

USD/JPY Candlesticks and Ichimoku Analysis

Although the greenback has risen again after brief pullback to the Tenkan-Sen and near term upside risk remains for medium term upmove to extend further gain to 119.75-80 (1.618 times projection of 101.07-110.09 measuring from 105.20) and possibly towards psychological resistance at 120.00, however, loss of near term upward momentum



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