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Jamie's Pick: 02/06.12

Jamie's Pick: 02/06.12

Jamie Saettele, CMT, Sr. Technical Strategist

The large USDJPY bearish triangle pattern remains intact but I do NOT advocate shorts at these levels. One, the specter of intervention looms. Two, the first day of month has held, which is statistically significant. As a trade, I like the upside against 7600. Resistance early this week is 7685-7730.

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