Intraday bias in USD/JPY remains neutral for some more - TopicsExpress



          

Intraday bias in USD/JPY remains neutral for some more consolidation below 100.43 temporary top. With 99.06 minor support intact, further rally is expected in USD/JPY. Above 100.43 should send the pair through 100.61 resistance to 101.53. But again, the pair is bounded in larger consolidation pattern from 103.73. Hence, wed be cautious on strong resistance above 101.53 to bring reversal. On the downside, below 99.08 minor support will turn bias back to the downside instead.
Posted on: Wed, 20 Nov 2013 00:42:40 +0000

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