Saturday, May 17, 2008

USD/JPY Mid-Day Outlook

Despite some brief recovery, USD/JPY's fall from 105.44 resumes in early US session. As discussed before, with 4 hours MACD dragged below signal line, an intraday top is in place. Outlook remains neutral for the moment. On the upside, break of 105.70 resistance will confirm whole rebound from 95.77 has...




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