Monday, May 26, 2014

usd/jpy daily technical analysis

The USDJPY attempted to push lower end week, but whipsawed to the upside after touched a strong support around 100.80. The bias remains bullish in nearest term testing 102.20/50. now  support is seen around 101.80. A clear break below that area could lead price to neutral zone in nearest term targeting 101.30 – 100.80 support level.

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