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Old 06-16-2008, 12:48 PM   #1

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USD/JPY Levels
Looking at the USD/JPY daily chart we can see a nice channel guiding price upwards:



Price currently trading around the pivot, contained within S1 and R1:



Ichimoku chart looks bullish -trading above the Kumo and following the bullish Tenkan/Kijun crossover:
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Old 06-17-2008, 03:25 AM   #2

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Re: USD/JPY Levels
My comments as per on T2W mate - prefer it heading south at least for now.

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Old 06-18-2008, 10:34 AM   #3

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Re: USD/JPY Levels
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Originally Posted by GammaJammer »
My comments as per on T2W mate - prefer it heading south at least for now.

I hope you were able to nab your 108.40-ish entry, GJ. Price is skittish at that level (owing to the evident interest in selling at that level). I'm personally looking for a slide back towards 105/06. We'll see soon enough.
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