Friday, October 4, 2013

USD/JPY Approaching Key Pivot Area Around 96.80

Falling wedge, sideways market: USD/JPY has been trading down in a falling wedge shown in the 4H chart. The mode in the 4H chart is sideways as suggested by price action whipping up and down a relatively flat 200-4H SMA. But the market is threatening to turn bearish. To turn



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