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Jamie's Pick: 02/16/12

Jamie's Pick: 02/16/12

Jamie Saettele, CMT, Sr. Technical Strategist

The USDJPY has pushed through the 2008-2010 resistance line and is nearing the October high of 7953. 7850/70 is now support. Strategically, it is best to continue moving up the stop (move up from 7735 to 7815).

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.