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Alert - 09:40 (CET) - UsdJpy
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Waiting for a basket of data from the US, the investors went back to the Yen safe haven. It is estimated that the new and existing housing sales fell to nine year lows in the US, as the economy is going through an unprecedented lack of credit, along with a battered consumer confidence that pushes potencial buyers away from the housing market.
The UsdJpy is trading at 90.18, under yesterday's closing price at 90.25. Checking the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA, with the price near this last resistance.
The resistances are set at 90.00 (key), 90.74 (December 16th high) and 91.98 (December 15th high). The traders are watching the supports at 88.43 (December 19th low), 87.14 (December 17th low) and 84.53 (July 31st, 1995 low).
Meanwhile, the 60-minute Relative Strenght Index (RSI) is at 56 points, rebounding from the overbought area. The average volatility per hour is 85 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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