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10:00 (CET) - UsdJpy: seeking 90 yens per dollar
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Since the pair rebounded at 88, it only stopped correcting at the fibo 50% (marked from 92.541 to 88) from the last downwards movement. For the price to have found a resistance, it should start making lower highs. The next target is, thus, break 89.57 to get closer to 88 yens per dollar. On the other hand, the price could go forming a good support at 89.67, after three failed attempts to break that level. The target is now to break the fibo 50 by the resistance at 90.367 and then go to the fibo 61.8% at 90.806. If it doesn't clear the fibo 50, a double top will be formed.
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