Wednesday, 28 November 2012

USD/JPY Uncertain, Hovering Around 82

On the 1 hour chart the upward channel is on hold, while on the 3 hour chart the upward channel looks good. Break above yesterday's top and nearest resistance 82.62 would encourage further recovery of the Dollar.


 Immediate support is yesterday's bottom at 81.85, and consistent break bellow it could strengthen the Yen further down towards next target 81.00.

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