USD/JPY – Pushing higher towards the strong resistance at 105.44

• USD/JPY is making new highs, opening the way for a test of the strong resistance at 105.44 (see also the 61.8% retracement and the long-term declining trendline). Hourly supports can be found at 104.22 (intraday low) and 103.50 (22/08/2014 low). • A long-term bullish bias is favoured as long as…

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USD/JPY – Pushing higher towards the strong resistance at 105.44

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