Wednesday, January 28, 2015

USD/JPY Daily Outlook

Outlook in USD/JPY is unchanged. The consolidation pattern from 121.84 is still in progress and is likely a triangle pattern. More sideway trading might be seen but downside should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47 Meanwhile, break of 121.84 will confirm larger up trend resumption.



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