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

By IBTimes Staff Reporter | January 20 2010 2:59 AM

The parity USD/JPY got out of its bearish channel. However, 91.25 acted perfectly as resistance and so short positions have been kept. We will maintain to trade only short positions as far as 91.25 is resistance. The objective is at 90.30 and the break out of this level will give a new sell signal.

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