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USDJPY Daily Forecast: April 26
Friday, April 26, 2013 1:11
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USDJPY Forecast
The USDJPY had a bearish momentum earlier today hit 98.25 but traded higher around 98.70 at the time I wrote this comment. The bias is bearish in nearest term testing 98.00. Immediate resistance is seen around 99.00. A clear break above that area could lead price to neutral zone in nearest term but as long as stays below 99.90 further bearish correction is still potential. My major technical outlook remains bullish but need a clear break above 99.90 to potentially end the current bearish correction.
2013-04-26 01:01:55
Source: http://www.fxinstructor.com/blog/usdjpy-daily-forecast-april-26-4
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