Wednesday 14 January 2015

USDJPY Daily Analysis - January 15, 2015 Forex Analysis

USDJPY's downward movement from 120.82 extended to as low as 116.07. Deeper decline to test 115.56 support is possible after a minor consolidation. Resistance is located at the downward trend line on 4-hour chart, only a clear break above the trend line resistance will indicate that the downtrend is complete, then another rise towards 125.00 could be seen.



usdjpy chart






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