Coming down to 118.5 | 24 April 2015

24 April 2015, USD/JPY

Decline is what we see here. The pair will hit Lows.

Coming down to 118.5 Us Dollar/ Yen continues to move within the blue alpha channel. Under a head of bears, the pair started to decline which is also regarded to the general weakness of the USD in all currencies. So, in the nearest time we expect drop of the pair to its previous local Low 118.5. If bears manage to overcome this level, the currency pair will face the below targets

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