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Looking to Buy USD/JPY

Looking to Buy USD/JPY

2011-12-12 11:01:00
Joel Kruger, Technical Strategist
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We like the idea of buying this market with the price bouncing from record lows and then breaking back above the daily Ichimoku cloud. Any setbacks have since been very well supported into the bottom of the cloud, and the market has once again broken back above the cloud to reaffirm our outlook. Only a close below the cloud would negate, while back above 78.00 should accelerate gains.

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