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December 25, 2011

USDJPY: Bear Threats Seen, Vulnerable Below The 78.18/27 level

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While USDJPY continues to attempt a recovery higher, as long as it holds below the 78.18/27 levels, we see risk to the downside. This leaves risk of a return to the 76.57 level. If this occurs, the 75.57 level, its Oct'2011 low will be targeted with a break turning attention to the 74.00 level and... FF News: Technical

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