FXHIGHWAY

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USDJPY






9/16/2014 6:05:32 AM

USDJPY requires caution.



Being confined between a potential rising wedge pattern’s lines urges us to be cautious, as this negative formation might turn the price destination downwards on the short term and medium term basis.

Breaking 106.15 might push the price to test the mentioned wedge’s support at 102.30, and breaching 107.50 will offer positive motive to invalidate the mentioned negative formation.


Target
Risk


Support
Resistance


Trend Sideways

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