USD/JPY – Monitor the test of the support at 87.60

USD/JPY’s overextended rise is testing an hourly support at 87.60 after failing to make a new high. A break would open the way for a deeper correction towards the support at 86.53 (01/01/2013 low). A resistance is at 88.41 (04/01/2013 high). • USD/JPY is likely in a long-term bottoming proces…

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USD/JPY – Monitor the test of the support at 87.60

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