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Wednesday, January 28, 2009

USD/JPY 28/01/2009

USD/JPY 28/01/2009

As expected, UJ tested the resistance around 90 (upper green channel line). I have taken profit around the eclipse area. From there it has retraced, tested the blue channel and resumed upside. Major trend still remains to be down. However, the short has not been triggered yet. We will monitor the movement and see how it progresses for possible trades.


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