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USD/JPY Outlook: September, 13 2013

USD/JPY Outlook: September, 13 2013

The pair bounced off 99.00. Thursday’s low, where pullback from 100.60 peak found temporary footstep. Holding above the latter keeps hopes of fresh attempt towards 100.60 and resumption of larger bulls, with price action attempting at psychological 100.00 barrier. Sustained break and weekly close above here is required to confirm the scenario, with positively aligned hourly studies being supportive. Conversely, loss of 99.00 handle, would trigger further extension of pullback from 100.60 and open 98.70, 50% of 96.80/100.60 and 98.53, 06/09 low.

  • Res: 100.00; 100.36; 100.44; 100.60
  • Sup: 99.56; 99.18; 99.00; 98.70

USD/JPY” title=”USDJPY” width=”800″ height=”400″ />

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