Thursday, May 30, 2013

USDJPY Daily 30 May 2013

This is USDJPY daily chart. A Rising Wedge /Ending diagonal formation(A Reversal Pattern which is usually witnesses after a long bull run.) is witnessed on USDJPY daily chart . A break with volume below 100.80 may take it to 100 level a minor support zone for it . Below 100 mark watch real panic up to 97-96 level & there after 92 level. Currently it is trading at 101.06 .

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