ftu_060710_usdjpy

  • 1H and Daily: The Japanese yen started to gain on Friday and came out on Sunday continuing its strength across the board. The USD/JPY topped off below 93.00 last week, was not able to sustain a break below 91.0, and is now in a pullback near 92.00. The 1H chart shows these moves. 61.8% retracement level is at 92.15.
  • The daily chart shows a possible count and a continuation projection to 88.00 in the short term (1-2 weeks).

  Fan Yang Currency Analyst Commodity Trading Advisor

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