Thursday, January 22, 2015

USD/JPY Daily Outlook

USD/JPY's consolidation pattern from 121.84 is still in progress and could gyrate further in range of 115.55/121.84. Downside attempts should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47 and bring rebound. Break of 121.84 will confirm larger up trend resumption.



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