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Author Topic: USD/JPY Mid-Day Outlook  (Read 1406 times)
Hemant
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« on: February 23, 2011, 11:10:21 pm »

USD/JPY Mid-Day Outlook

USD/JPY's retreat is still in progress and deeper fall could still be seen with 83.15 minor resistance intact. Nevertheless we'd still expect downside to be contained by 61.8% retracement of 81.12 to 83.96 at 82.20 and bring strong rebound. We'd maintain our view that rise from 80.93 is resuming for<img src="http://feeds.feedburner.com/~r/ActionInsightallTechnical/~4/E25993R6hss" height="1" width="1"/>

Source: USD/JPY Mid-Day Outlook
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