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Old 03-05-2010, 02:40 PM
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Default USD/JPY Mid-Day Outlook

USD/JPY's strong break of 89.51 resistance indicates that fall from 92.14 should have completed at 88.13 already. Intraday bias is now on the upside for near term falling trend line resistance, (now at 91.64). Break there will argue that fall from 93.74 has completed with three waves down to 88.13...
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