Tuesday, January 24, 2012

USD-JPY Technical Analysis 24 January 2012

The USD-JPY is hitting the rock bottom, currently position at the new low 76.911 still there is no sign of reversal or correction. However the candlestick chart is already showing sign of weakness to move further downwards. At this point i believe there will be no more major bearish breakout as the traders fear the unexpected. Even if there is major breakout it should be fake :).

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