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USD/JPY: initial session parameters at 86.30/87.10

By   || November 26, 2009 at 21:17 GMT
|| 3 comments || Add comment

Since breaking below last years double bottom at 87.10, USD/JPY traded to a low of 86.30 before bouncing back to 87.00 and it’s now sitting in the middle of this range. A break above 87.10 would suggest the possibility of an 88.00 re-test. Support levels are historical in nature, with nothing of note until a measured move towards 82 or the 1995 low at 80.00.

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3 Responses to “USD/JPY: initial session parameters at 86.30/87.10”

  1. Adje on November 26th, 2009 21:26 GMT

    Spike Spike down down :-)

  2. Adje on November 26th, 2009 21:30 GMT

    EUR/JPY 128.51 next support.
    Currently hanging around support but it turned red. We’ll see.
    Sean, I guess Japan didn’t priced in the drop of European markets from today did they?

  3. Blackday on November 26th, 2009 22:02 GMT

    LOL, Adje. What going on? Mantra trading????

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