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December 23, 2011

USD/JPY Still Edging its Way Toward 78.80 Swing Projection

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Watching the USD/JPY move is like watching paint dry with a snail race as a distraction. Nonetheless the 1H chart shows the market with bullish momentum as the RSI kissed 70 and since remained above 40. A break back above 60 now reflects maintenance and revival of bullish momentum in the short-term.... FF News: Technical

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