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USD/JPY Outlook: September, 6 2013

USD/JPY Outlook: September, 6 2013

USD/JPYThe pair eventually cracked the 100 barrier and posted fresh high at 100.21, with subsequent easing seen as corrective. Dips were so far contained by 55 DMA at 99.70 zone, with further correction not ruled out, as hourly studies are turning negative. A strong support zone at 99.15/00 should ideally contain and keep near-term bulls in play, as larger timeframes studies remain positive and see scope for extension towards 100.44/85, which are the next targets. Resistance: 100.00; 100.21; 100.44; 100.85 Support: 99.68; 99.50; 99.15; 99.00

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