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February 20, 2012

USD/JPY Held Under 80 after Breaking Key Pivot

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A bit of correction might be ahead for the USD/JPY as it it held under 80.00. The bull run has accomplished a break above the key pivot near 79.55, which was resistance in Nov. 2011, and also support during May and June of the year. The RSI in the daily chart was pushed above 70, a sign of bullish... FF News: Technical

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