Thu, 13 Mar 2014 07:21:46 GMT
USD/JPY 1H Chart: Channel Down
Early March the U.S. Dollar commenced a rebound from a one-month low of 101.20 against the Japanese Yen; however, the advance was halted at an eight-week high of 103.76. Since then, the pair has been declining, being trapped by boundaries of a 74-bar long bearish channel.
At the moment the currency couple is trading slightly below the daily pivot point at