Thursday, December 26, 2013

USD/JPY Mid-Day Outlook

The break of 104.63 suggests that recent rally in USD/JPY has resumed. Intraday bias is back on the upside and 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



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