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Author Topic: USD/JPY Weekly Outlook  (Read 4186 times)
Hemant
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« on: February 19, 2011, 05:02:06 pm »
USD/JPY Weekly Outlook

USD/JPY edged higher to 83.96 last week but lacked follow through buying and retreated. Initial bias is neutral this week and more consolidations would likely be seen first. Nevertheless, downside of the current retreat should be contained above 61.8% retracement of 81.12 to 83.96 at 82.20 and bring rise resumption.<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/hG8C1JZnwNg" height="1" width="1"/>

Source: USD/JPY Weekly Outlook
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