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USD/JPY, Time To Sell?
Friday, 14 November 2008 00:47:17 GMT
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Traders saw USDJPY rally after equity markets in the U.S. saw one of the largest single-day point swings in history. The Yen fumbled 2.84% as risk appetite proliferated the Dollar’s surge.
We now see the pair where downward sloping resistance meets the 38.2% Fib retracement. Could this be the optimal time to sell USDJPY?
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