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FOREX

USDJPY LONG TERM PERSPECTIVE 24/04/2013

usdjpy 24april 2013 weekly

In the last 3 month’s, due to rigid and aggressive expansionary policy by Japanese government, yen increase more than 22%. I am pretty sure that yen go to 100, but it’s important care some attention to this zone because as we saw in the past, this zone is a important resistance, and worst, is a round number (psychological factor).In terms about technical analysis, the graph shows us that every time the market went to above rsi 50,above 80 stochastic line and  near of resistance, it fell. So, if the market close below 94,145, I think that probably it will retest the 96/98, and this area could be a good zone to short.If we short, the first target will be possibly the 93,320, and the second one will be near of 88,200. which movement could be take me down? the close above 100, after I get in 98.

Of course that,this is a long term forecast, and possibly this events could be last several month’s or maybe years, but I have a good felling about that.

This article doesn’t  excuse a reading of a discloser.

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