Thursday, December 26, 2013

USD/JPY is Rapidly Approaching 105.04/104.92

While the activity in most of the major currency pairs is currently sluggish, USD/JPY is quickly closing the gap between the spot and the resistance at 105.04/104.92. However, this level may delay further advancement of the price by throwing it back to the accelerated up-trend support, specifically down to 103.74/72.



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