Tuesday, February 16, 2010

USD/JPY Sitting at Support

 
The 61.8% Fibonacci of the last drop has so far held back the USD retracement and the pair is once again testing the support line which has held the pair for the last 2 weeks. Expect some momentum if price manages to break through the line. If you are not short already look to do so on a pullback after a breakout of the consolidation zone.

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