The USD come to an extensive selling after lunch during the Asian session. USDJPY broke from the bearish declining triangle formed during the morning Asian session to find support at 200% fibo expansion of A-B swing.(refer to the 15 min Chart of USDJPY above). The fall was partly attributed to heavy selling of US dollar by certain Asian institutions. An inverted hammer candle triggered a price reversal 30 mins before
Prices breached the uptrend line and pushed the cross downward to the 261.8% fibo expansion, A bullish harami pattern was formed and prices consolidated sideway with a symmetrical triangle. At
