Sunday, January 26, 2014

USD/JPY Candlesticks and Ichimoku Analysis

The greenback faltered just below resistance at 104.92 and has dropped quite sharply last week, the subsequent breach below support at 102.86 signals a temporary top has been formed at 105.44 earlier this month and near term downside risk remains for retracement of recent upmove to previous support at 101.62,



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