Tuesday, June 3, 2014

USD/JPY Daily Outlook

USD/JPY jumped to as high as 102.48. The break of 102.36 resistance argues that fall from 104.12 has completed in bullish convergence condition 4 hours MACD. Overall development indicates that firstly strong support was seen from 100.61/75 support zone again. Secondly, the consolidation pattern from 100.75 is still in progress



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