leftis
Long

Rally - Base - Rally

FX:USDJPY   U.S. Dollar / Japanese Yen
46 0 6
This is what im looking at for this pair. Since last Tuesday price has rallied sharply to the upside. Yesterday it reached a descending trendline dating back in January and failed to break above it. What I am expecting is a short term continuation pattern and then a break out to the upside.
Later today Fischer and Yelen will both give a speech. If we get a hawkish rhetoric for a rate hike in March then the dollar bulls will take over and send the pair higher earlier than expected.
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