USDJPY Daily outlook for 5th December 2013
Daily Chart - Clear bearish candle breaking the steep trendline
- Clear bearish candle breaking the steep trendline
- Next target for short will be 38.2 retrace
Hourly Chart
- Made lower lows so previous support is now resistance, and also a daily pivot and 38.2% retrace.
Outlook Trade Opportunity
Will look for opportunity to short if market test the 102-101.90 confluence levels of Daily pivot, previous support now resistance , 38.2% retrace, trendline. with initial Target of yesterday's low
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