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USD / JPY Technical Forex Analysis for Forex Traders

Discussion in 'Forex Daily News & Outlook' started by Nirmala, May 3, 2010.

  1. Nirmala

    Nirmala New Member

    Apr 29, 2010
    Likes Received:
    We would completely abandon our focus on 93.62, after the price broke it several times without being able to create a decisive move in any of the times it broke this previously important level. We will focus on analyzing the rising move from 92.80, which seems to be doing good. This move has reached 94.30 so far, and it stopped in the same area as Monday's rise, when the high was 94.34. Thus, 94.30 will be our resistance for the day, breakingit would give us a chance to finally seethe long awaited 95 area, where there are several important levels we like such as 95.05 & 95.90.



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