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Jamie’s Pick: 09/01

By Jamie Saettele, CMT, Sr. Technical Strategist
01 September 2010 15:06 GMT

Focus remains on the all time low just below 8000 (1995 low) for the USDJPY. A multi month channel defines the near term trend but RSI divergence on the daily (multiple times over the past several months) warns of a reversal. Trading above the channel would be the first sign of a reversal.

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01 September 2010 15:06 GMT