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Monday, February 2, 2009

UJ, GJ 02/02/2009

USD/JPY

UJ has broken the uptrend channel (purple). I have entered a short position around the eclipse area. For now the price may be supported near the blue trend line. Whereas, the purple uptrend line will act as resistance.




GBP/JPY

GJ has also broken the uptrend channel (blue). I have entered a short position on GJ too near the eclipsed area.

See my previous update on GJ here and UJ here.

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