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

 @ibtimes
on February 04 2010 4:09 AM

The parity continue its bullish movement and seems now to evolve in a bullish channel. 91.00 has been tested but this level acted as resistance. The break out of this level will give a new buy signal. We maintain to trade only long positions as far as the parity is moving into its channel. An exit of the channel will give a sell signal.

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