Thursday, February 26, 2015

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains neutral for the moment. On the downside, below 118.22 will bring deeper fall to 116.86 and below. But further decline attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47. On the upside, break of 121.82 is needed to confirm larger up trend resumption.



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