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Wednesday, January 23, 2013

USD/JPY - US Dollar Japanese Yen UPDATE : 23 JAN 2013

USD/JPY IS TRADING AS EXPECTED MAKING A HIGH OF 88.80 (WEEKLY RESIS) & MADE A LOW OF 88.06 AGAINST OUR GIVEN WEEKLY SUPP 88 & NOW TRADING @ 88.52
NOW THE KEY LEVEL TO WATCH IS 89.08/89.25 WHICH ACTS AS A RESIS AS OF DAILY TREND ; A BREAK ABOVE 89.28 THEN WE SHALL HEAD TOWARDS 91.60/92.35 LEVELS, HOWEVER A  CRACK  BELOW 88.40 THEN WE SHALL TEST 87.78/87.60 ON THE DOWNSIDE

LTP - 88.55 

TECHNICAL TREND  - BEARISH 


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