USD/JPY analysis of the week (4h candlesticks)

By ForexTribe
19 November 2009 @ 04:51 pm EDT

88.75 acted again as support and played well its role. As far as 89 is resistance, we will now advise to keep short positions. The break out of this level will indicate a correction but we will not advise to trade long positions as long as the parity is moving into its bevel.



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