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Monday, August 22, 2011

USD/JPY Weekly Forecast For August 22nd - 26th / 2011

SHORT  DESCRIPTION :

The USD/JPY pair is still in the Bearish situation, this all is vivid by the slope of the moving average 10-day period that is still swoop to downwards and by the candlestick which are still below the moving average and the RSI - under the level 40. If next week the USD/JPY succeeds to breakdown and close below the 75.19 level; the mark 73.00 can become the next target for this currency. However, if the USD/JPY turns up to the 76.97 level, then this will hold the weakening of the USD; at least temporarily.
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