Sunday, March 29, 2015

USD/JPY Daily Outlook

With 119.98 minor resistance intact, deeper fall is expected in USD/JPY. Current decline from 122.01 is viewed as the third leg of the consolidation pattern from 121.84 and would target lower end of recent range of 115.55/121.84. We'd expect strong support from 115.55 cluster support (38.2% retracement of 105.19 to



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