Monday, December 20, 2010

USDJPY found its top?















Looks like USDJPY may have found its top on the 4-hour chart. 84.37 seems to be holding up strongly as a resistance level.

At the same time USDJPY also looks as though it may be ranging. 

A good level to sell USDJPY would be around the 84.37 levels. But keep a stoploss in case a breakout happens. It is after all the holiday season, which means thin markets!    


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