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USD/JPY Mid-Day Outlook

Discussion in 'Forex Daily News & Outlook' started by ActionForex.com, Jan 25, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    USD/JPY's rise from 104.96 extends further 107.89 before retreating mildly. Outlook remains unchanged for the moment. Break of 107.37 resistance indicates that decline from 114.77 has made a short term bottom at 104.96 on bullish convergence condition in 4 hours MACD and RSI. Further rally should now be seen towards...

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