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- Forex: USD/JPY remains trapped between 91.25 and 91.55
- Forex: USD/JPY remains trapped between 91.25 and 91.55
Date :- Wed, 9 Jun 2010 10:04 UTC
FxTrainingZone.com Dollar rebound from 90.90 low on Wednesday ha been capped at 91.60 high at Asian session opening and the pair has remained consolidating since in a range between 91.55 on the upside and 91.25 support zone.
For the next sessions the pair might drift lower to bottom at 90.36 area ahead of a rebound towards 92.00 area says by Slobodan Drvenica technical analyst at Windsor Brokers Ltd Minor lower top at 92.07 caps ahead of latest drift lower. Further weakness is seen heading towards 5week triangle support at 90.36 where a swing low may emerge. Regaining 92.07 delays and firms for 92.87.
Support levels according to Drvenica lie at 91.05 90.96 and 90.83. On the upside resistance levels are 91.68 92.07 and 92.20.
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