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Old 4th August 2009, 15:13
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Default USD/JPY today's technical outlook

Hallo!
There are some changes in the situation concerning USD/JPY. We hope that our information will be useful for you!
The pre-planned long positions were implemented with the overlap of minimum estimated target. OsMA trend indicator marked bearish activity rise. On the assumption of it as well as of the absence of close support levels and of descending direction of indicator chart we can suppose further development of short positions priority. In this case it is necessary to pay attention to false break-outs and to the possibility of rate return to the channel borders, therefore you shouldn’t forget about the signals of shorter intervals. As for sales, the targets will be 94,00/10 and (or) further variant up to 93,30/50, 92,20/40. As for buying positions, the targets will be 94,70/90 and (or) further variant up to 95,20/40, 95,80, 96,40.

As for the other charts and outlooks you can see them here:
http://www.forexltd.co.uk/analytic/forecast

If you would like to subscribe for all the other free outlooks as well as paid outlooks concerning other financial tools, you could do it at our site http://forexltd.co.uk/.
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Old 6th August 2009, 06:35
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Too dirty a chart. I'd remove the Ichimoku..
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Old 6th August 2009, 10:42
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By looking at the charts, I think USD/JPY market strategy can be a sell form the level 95.52
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