For the first time in a few weeks, we have opened the Asian trading week without much price action built into the open. Looking at the USD/JPY pairs short-term retracement analysis (10/10 low – 10/14 high), we the see the pair has found some support at the 100hr moving average and some resistance at the 23.6% fibo retracement level. We see other short-term levels developing below, which we will be tracking until we have a new fundamental re-pricing of the pair.
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Monday, October 20th, 2008 at 4:02 am
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