Week 36 of 2010 (Aug 30 – Sep 03)

USDJPY

USDJPY seems to be moving in a very nice downward trend and it don’t seems to change during this week as well and we will be seeing traders interested in selling USDJPY on rise to retracement levels. The RSI is also nicely placed just above 35 and thus suggesting that it has more than enough space for a nice move. A god selling level can be seen around 85.85 level.



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