Sunday, March 1, 2015

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains neutral first. Overall, the pair is staying in the sideway consolidation pattern from 121.84. 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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