FxGrow Daily Technical Analysis – 19th Jan, 2015
By FxGrow Research & Analysis Team
USDJPY an opportunity for rebound - double bottom pattern at support
After Friday's selloff current week started with a rebound at USDJPY. Area of 116.50 was defended by demand because further declines (and especially support breakout at 116.00) will worsen technical situation on the chart. Changes in long-term trend to a downtrend will become a fact. Currently upward movement should reach 118.30 - 118.80.
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