Week 23 0f 2010 (Jun 01 - Jun 05)

USDJPY (91.05)

USDJPY is moving in a nice gradual downward trend and this trend seems to continue in coming weeks. Currently USDJPY seems to be taking retracement and this will allow long term traders to sell USDJPY for dip towards 89.00 level. RSI also seems fine so anything around 91.25 seems a good sell at the moment. Initial targets can be seen around 89.50 level and then gradually towards 88.50 level. Break of 88.50 will open up 86.00 level as next target for USDJPY.



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