Friday, December 27, 2013

USD/JPY Daily Outlook

USD/JPY's rally is still in progress and intraday bias remains on the upside. Current rally would target 38.2% projection of 77.13 to 103.73 from 96.56 at 106.72 next. On the downside, in case of retreat, break of 102.49 support is still needed to indicate short term topping. Otherwise, outlook will



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