Saturday, January 31, 2015

USD/JPY Weekly Outlook

The consolidation pattern from 121.84 continued last week. Such consolidation is likely a triangle pattern and more sideway trading might be seen in near term. Any downside attempt 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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