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My technical view about the pair USDJPY on 1st of July.
Background: U.S economy shows improvement, FED continues to taper each meetings but U.S 10 years yield was lower. Meanwhile sale tax rose, the Nikkei reduced and JPY long position increased! The pair hit decreasing long-tern trend line at 105.4 from late of 2013, the pair is consolidating from there, now the pair is in a narrow range! A break is expected?
1. Weekly chart shows narrow range and some bearish signal. A break 100.8~101.5 area c…
Background: U.S economy shows improvement, FED continues to taper each meetings but U.S 10 years yield was lower. Meanwhile sale tax rose, the Nikkei reduced and JPY long position increased! The pair hit decreasing long-tern trend line at 105.4 from late of 2013, the pair is consolidating from there, now the pair is in a narrow range! A break is expected?
1. Weekly chart shows narrow range and some bearish signal. A break 100.8~101.5 area c…