Saturday, December 13, 2014

USD/JPY Weekly Outlook

USD/JPY's fall last week indicated short term topping at 121.84, on bearish divergence condition in 4 hours MACD. Deeper decline is expected in near term for 117.23 support and below. But we'd expect strong support from 38.2% retracement of 105.19 to 121.84 at 115.47 to contain downside and rebound. On



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