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USDJPY Daily Forecast: October 01
Monday, October 1, 2012 14:00
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USDJPY Forecast
The USDJPY had another indecisive movement last week, formed another Doji on weekly chart but overall still able to maintain its bearish intraday bias so far. There are no changes in my technical outlook. The bias remains bearish in nearest term testing 77.10 support area. Immediate resistance remains around 77.90 followed by 78.20. Overall I still prefer a bullish scenario due to a good risk-reward ratio near the record low at 75.56 and consider 76.00 – 77.00 area as a good place to buy for long term trading plan.
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2012-10-01 13:49:26
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-october-01-3
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