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 USD/JPY Intraday Technical analysis

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PostSubject: USD/JPY Intraday Technical analysis    Fri Jun 24, 2011 12:44 pm

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USD/JPY Intraday Technical analysis

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The spot rate is currently testing the upper limit of its medium term
bearish channel at 80.80 suggesting a decline. However a break of these
levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish
opportunity as soon as the spot rate will have broken its resistance in
80.80 with a 1st objective of 81.50, then 81.80. A break in 80.60 would
invalidate this scenario

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USD/JPY Intraday Technical analysis

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