Posts Tagged ‘USDJPY’
USDJPY Analysis 2010.12.31

We can say that additional bearish movements could be seen during current session, particularly if it succeeded to maintain prices below (82.63) zones. A proper confirmation would occur if the USDJPY will manage to fall beyond the (80.97) support level.Sell on rally for today with a stop loss above (82.63).

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USDJPY Analysis 2010.12.30

USDJPY maintains a bid tone for now. Break above (82.63) may trigger further recovery of the USDJPY. Going bellow latest swing low at (81.10), however, would confirm continuation of the bearish trend, towards next objective downwards (79.99).Look for short positions for current trading session.

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USDJPY Analysis 2010.12.29

Weakness in USDJPY is likely to continue. We see a less chances of an immediate rise on the instrument for short-term technical outlook. Next downside barriers follow (81.86) at (81.35) and (80.90).We will be looking to sell USDJPY upon any price retracement.

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