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Trade Update

Trade Update

2010-03-23 14:28:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:
Near term, USDJPY consolidation since last week may take the form of a triangle. Under this interpretation, the USDJPY would rally above 9110 in a terminal thrust before finding a top and rolling over. 9140 would be potential resistance. Potential support is 8950 and 8900. I do not see a trade at the current juncture however. A terminal thrust to mentioned levels may present an opportunity to short.

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