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USD/JPY Daily Outlook - March 19, 2010

posted by Avatar brilo 799 days ago in USD, JPY, Daily

Intraday bias in USD/JPY remains neutral as it's still bounded in choppy sideway trading below 91.08. As noted before, rise from 88.13 is still expected to continue as long as 89.62 cluster support (50% retracement of 88.13 to 91.08 at 89.60) holds. Above 91.08 will bring rally resumption to 92.14 resistance next.
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