Mon, 02 Jul 2012 06:06:23 GMT
USD/JPY 4H Chart: Rectangle
USD/JPY has fallen below SMA200 in the middle of the last week and fluctuated around it forming a Rectangle pattern on the 4H chart. The pattern has 51% quality and 50% magnitude in the 31-bar period. The pattern started when the pair rebounded from 80.619 and after testing pattern's lower band at around 79.181 it has slowed at around 79.62 where