Special Focus USDJPY

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Sunday, 29th of April, 2012
SPECIAL FOCUS USDJPY
FXTechstrategy Team
info_at_fxtechstrategy.com
USDJPY Loss Of 80.29 Level To Open Further
Declines. USDJPY Having reversed its previous
week gains to close lower the past week, the risk
is for USDJPY to weaken further in the days
ahead. Support lies at the 80.00 level, its
psycho level/Feb 282012 low with a violation of
there calling for a move lower towards the
78.18/27 levels and possibly lower. Its weekly
RSI is bearish and pointing lower supporting
this view. Alternatively, the pair will have to
break and hold above its April 042012 high at
81.85 to halt its downside pressure and then
bring gains towards the 82.53 level. All in all,
as long as USDJPY continues to hold below the
84.17 level, there is risk of further
declines. To read the full version of this 7
model currency analysis check out FXT Technical
Strategist Plus Package
www.FXTechstrategy.com The Ultimate
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