Monday, December 21, 2009

USDJPY heading towards 92.15 level




USDJPY has broken above in its weekly downward channel and is current approaching a very important weekly resistance at 91.30 and if USDJPY is able to break above that level, then we will see USDJPY heading towards 92.15 level.

The RSI is rapidly rising but still seems to have more than enough space to break above 91.30 level. Currently buying USDJPY still seems a good option and any entry price below 90.50 will be a good deal.





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