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Alert - 16:45 (CET) - UsdJpy
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The motivation in the stock operators, both in Europe and in the US, is high. The US Treasure bailout to Citigroup Inc. renewed the appetite of the investors for stocks, renewing also the enthusiasm for the carry trade.
This way, the Dollar is regaining some of last week's lost ground against the Yen.
The UsdJpy is trading at 96.18, ranging from 94.94 to 96.29. The current price is under yesterday's close at 95.94. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The supports are watched at 96.08 (October 29th low), 93.56 (November 20th low) and 90.00 (key) and 87.95 (July 17th, 1995 low). The resistances are set at 98.07 (October 23rd high), 100.00 (key) and 102.45 (last week's high).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 64 points, rebounding from the oversold area. The average volatility per hour is 145 pips. Checking the graphics again, we see that the current price is under the 23.60% (130.80) and over the 0.00% (80.23) Fibonacci retracement lines.
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