Monday, June 23, 2014

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains neutral for the moment. We favor another fall and below 101.42 will target 100.65/82 key support zone. Break there will carry larger bearish implications. Meanwhile, break of 102.79 will extend the rebound from 100..82 towards 104.12. In that case, we'd expect strong resistance from there



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