Saturday, February 28, 2015

USD/JPY Weekly Outlook

USD/JPY's sideway consolidation from 121.84 continued last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, below 188.22 will bring another fall. But decline attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47 and rebound. Above 120.46 will bring resistance



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