USD/JPY – Successful test of the support at 101.63 thus far

USD/JPY bounced yesterday close to the support at 101.63, favouring a short-term positive outlook. Hourly resistances stand at 102.98 (23/01/2014 low) and 103.59 (24/01/2014 low). The corrective phase from the peak at 105.44 has reached its minimum downside risk. A gradual rise towards the resist…

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USD/JPY – Successful test of the support at 101.63 thus far

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