Wednesday, February 5, 2014

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains neutral for some more consolidation above 100.75 temporary low. But near term outlook stays bearish as long as 103.44 resistance holds. Deeper fall is expected to 100.61 key support level. Again, we'd like to point out the bearish divergence condition in daily MACD which argues



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