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USDJPY Daily Forecast: August 24
Friday, August 24, 2012 5:31
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USDJPY Forecast
The USDJPY was indecisive yesterday but overall still able to maintain its bearish intraday bias. The bias remains bearish in nearest term testing 77.65 strong support area. Immediate resistance is seen around 79.00/20. A clear break back above that area will reactivate my bullish mode testing 80.00/50 area. I prefer a bullish scenario at this phase due to a good risk – reward ratio near the historical low.
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2012-08-24 05:21:02
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-august-24-4
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