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Thursday 14 March 2013

USDJPY


1. No change from the previous chart.
2. Pair has filled the gap on Monday.
3. We believe that pair will be on a slow decline towards 93.00 area where buyers should appear.
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1. No doubt that pair is generally bullish on the long term.
2. Bulls seem to have run out of steam, capped by the channel on medium term.
3. RSI oversold and turning back.
4. We favour a sell towards 93 area, where buyers should appear. 

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