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Monday, March 4, 2013

USD/JPY - US Dollar Japanese Yen TREND - LEVELS & TRADING STRATEGY FOR THE WEEK AHEAD : 04 MARCH 2013

$USDJPY

Yeah the BIG BULL of all Pairs eyeing  95.88/96.72

Best buy & supp @ 92 actual resis & best  short level @ 93.12 (current support) a break above 94.26 upside tgt is @ 95.88/96.72 however a crack below 90.80 downside tgt intact @ 89.54/88.70  A crack - PANIC SELL OFF "84.48"

LTP - 93.54

5 hours trend - Bearish

Daily trend - Firm bullish

Weekly - consolidating & gaining bullish momentum

**OUR MULTIBAGGER TARGET -  99.45 - IS STILL ACTIVE**

TRADING STRATEGY : EARLY WEEK - SELL THE PAIR 94.12 - 94.26 FOR TARGET 93.12 & ONCE AGAIN GO LONG PARTIAL @ 93.12 & ADD MORE @ 92.02 FOR INTACT  TARGET 95.88/96.72
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