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Quiet morning

Posted on October 19, 2009 at 10:12 in Short-Term Analysis by Valeria Bednarik

Majors are quiet after European opening, with Euro setting a fresh high for the day, a few pips away from previous one. USD/JPY however, come back quickly from the 90.40 level, and addressing to the 91.00 area again. Seems we are up there, with a good target at the 92.60/93.00 area. Clearly above that level, 95.00 will come into play in the midterm. As long as above 90.00, seems pair is ready for a good upside correction.

Tags: Jpy

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