Wednesday, December 10, 2014

USD/JPY Daily Outlook

Intraday bias in USD/JPY remains mildly on the downside for the moment. As noted before, a short term top is in place at 121.84 on bearish divergence condition in 4 hours MACD. Deeper correction would be seen to 117.23 support below. At this point, we'd expect strong support from 38.2%



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