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 Technical Analysis for USDJPY

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fxpulsation




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Technical Analysis for  USDJPY Empty
PostSubject: Technical Analysis for USDJPY   Technical Analysis for  USDJPY Icon_minitimeFri Jan 24, 2014 10:24 am


Technical Analysis for  USDJPY Instaforex_mb_760x151_en

Technical Analysis for USDJPY

The USDJPY had a bearish momentum yesterday bottomed at 102.97. The bias is bearish in nearest term testing 102.50. Immediate resistance is seen around 103.60. A clear break above that area could lead price to neutral zone in nearest term testing 104.00 or higher. The major bullish outlook should remain valid but need a clear break above 105.00 – 105.50 to continue the major bullish scenario.



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