Sunday, October 18, 2009

USD/JPY Hourly Setup

This is my USD/JPY setup on hourly chart from last Friday. The pair has failed to sustain above 23.6% level of 101.43 to 88.00 (blue Fibonacci). Target for the retracement is around 90.33 support, which I suspect will bring another round for consolidation if not break below. Check the screenshot.

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