fxpulsation
Posts : 8759
Join date : 2012-01-25
 |  Subject: USDJPY: Threatens Further Bull Pressure  Mon Dec 31, 2012 11:50 am | |
| USDJPY: Threatens Further Bull Pressure USDJPY: The pair is now seen taking back most of its Friday losses, suggesting return to the 86.63 level could occur. In such a case, further upside offensive could develop towards the 87.50 level and possibly the 88.00 level. Its daily RSI is bullish and pointing higher supporting this view. On the downside, support comes in at the 85.72 level with a breach targeting the 84.17 level followed by the 82.82 level where a reversal of roles as support is likely to occur. However, if this fails, the 81.44 level will be aimed at. All in all, USDJPY remains biased to the upside in the medium term.  | |
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