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USDJPY Daily Forecast: September 18
Tuesday, September 18, 2012 2:50
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USDJPY Forecast
The USDJPY continued its bullish momentum yesterday, topped at 78.91 and closed at 78.66. The bias is bullish in nearest term testing 79.00/20 key intraday resistance. A clear break and daily close above that area would interrupt the bearish outlook testing 80.00/50 area. Immediate support remains around 78.00 which need to be broken to the downside to keep the bearish bias remains strong retesting 77.65/11 support area. I still prefer a bullish scenario due to a good risk-reward ratio after hit the record low at 75.56.
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2012-09-18 02:33:31
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-september-18-2
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