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Showing posts with label bullish. Show all posts
Showing posts with label bullish. Show all posts

Wednesday, February 4, 2009

USD/JPY 04/02/2009

USD/JPY

UJ has remained bearish as expected. We might see it head towards the blue support line (downtrend). For now I am holding my shorts.
Also as updated in the previous posts, if UJ breaks the red resistance line, it may turn bullish. But the scenario is unlikely for now.