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Archive for June, 2007

Short Term Analysis – June 1, 2007

Friday, June 1st, 2007

USDJPY
As expected, USDJPY broke above 121.87 previous high. Further rise towards 122.18 (Jan 29 high) can be seen in a couple of days. Near term support is at the up trend line from 117.59 (Apr 19 low) to 119.46 (May 11 low), only break below the trend line support will signal the reversal of the up trend.

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