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January 16, 2012

EUR/JPY To Extend Downtrend To 88.93

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The powerful EUR/JPY downtrend remains on course for the 88.93/89.50 support cluster, as the 100.00 level has been decisively broken. Friday's bearish outside day reversal has extended into fresh eleven-year lows, and the bear wave from the April 2011 lower reaction high at 123.33 is sub-dividing... FF News: Technical

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