Daily Automate trades with Mirror Trader and see ideas on other USD crosses - USDJPY retraced Monday's entire drop on Tuesday. Was the decline into Monday's low the full correction? Maybe but a period of larger ranging is a distinct possibility as well. -102.50 remains of interest as support. This level was the 'lower high' in May 2013 , 12/17/13 low and more generally the middle of congestion that took place in the first half of Dec. 104.60/80 is now possible resistance . Trading Bias: Flat LEVELS: 100.60 101.52 103.56 | 104.16 104.79 105.30
Most Popular Stories
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Some California Cities Seeking Water Independence
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Will Missing Malaysian Jet Prompt Aviation System Change?