Wednesday, August 17, 2011

Intraday USD/JPY 17.8.2011

Intraday USD/JPY: the pair stands below its resistance and remains under pressure. Suggests short positions below 77.00, with 76.50 and 76.30 as next targets. The upside penetration of 77.00 will call for a rebound towards 77.20 and 77.50.

Weekly chart USD/JPY trend: Bearish

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