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Jamie's Pick: 02/27/12

Jamie's Pick: 02/27/12

Jamie Saettele, CMT, Sr. Technical Strategist

The USDJPY has reversed sharply following the 5 wave advance from the 2/1 low. Supports to watch in the coming week(s) are 7990, 7935, 7865, and 7830. Play the short side as long as price is below last night’s low (8166). Resistance is 8075.

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