Monday, April 20, 2015

USD/JPY Mid-Day Outlook

Intraday bias in USD/JPY remains on the downside for 118.32 support. Break will extend the fall from 122.01 and target 100% projection of 122.01 to 118.32 from 120.83 at 117.14. Overall, USD/JPY is staying in range and more sideway trading could be seen. We'd expect strong support from 115.55 cluster

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