Thursday, December 17, 2009

USDJPY - NEXT WATCH


The USDJPY pair may be in for a dip as the 4hr candle closes below the 20sma with daily stoch in good position for us to think bearish.

A close below 89.36 with stoploss around the swing high 90.46 and tp at levels of fibonacci 88.49; 87.78; 87.08

Lets watch and i will be welcoming comments.

James

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