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Trading Central USD/JPY 12/10/2011

Wednesday, October 12, 2011

12.10.2011 11:31 GMT+1 - USD/JPY intraday: the downside prevails.

Pivot: 76.9
Our preference: Short positions below 76.9 with targets @ 76.5 & 76.3 in extension.
Alternative scenario: Above 76.9 look for further upside with 77.1 & 77.2 as targets.
Comment: the pair remains under pressure and is approaching its support.

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