Keep an eye on the trendline in USD/JPY (ForexLive)
Written by Jamie Coleman
November 10, 2010 at 14:01 GMT
November 10, 2010 at 14:01 GMT
We’ve penetrated the long-term downtrend in USD/JPY on an intraday basis. No a close a above is key. Expect more short-covering in the days ahead if we manage a close above that level (82.45).
Dip buyers begin in earnest around the 82.20 level near-term with more around 82.00.
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