JPY Trading Outlook (15-04-2014)

USD/JPY: The Nikkei joined other major equity markets in recovering which helped the pair rallied to a high of 102. However offers at 102.10-20 drifted the pair back down to the 100-HMA & Cloud top. If 100 HMA & Hourly cloud breaks, market would try to target for 200 HMA at 102.55 area.

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