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Technical Analysis for USDJPY 2 Feb 2010 PDF Print E-mail
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Tuesday, 02 February 2010
The USDJPY made a significant technical movement by convincingly stay above the bearish channel, as you can see on daily chart below, indicating bearish failure and a beginning of a bullish phase at least towards 91.85 area. The bias is bullish in nearest term. Immediate support at 90.50. Break below that area should lead us into no trading zone as direction would become unclear.
http://i233.photobucket.com/albums/ee189/ariestomaster/ImageProxy-2471.jpg
 
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