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09:05 (CET) - USDJPY: dollar seeks 90 yens per dollar
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Yesterday was a complete lateral day, between 89.522 and 89.156, with the pair trying to exit it on the last hour candle. The pair is now at the fibo 50% from the movement marked from November's low at 84.81 to 93.81. If it continues with 2010's bearish movement, it could seek the fibo 61.8% at 88.24, close to December's support area. From the one hour chart, the pair must break above 89.73 and under 88.872 to exit the range completely. Above, once 89.522 is consolidated, the pair will try to clear 89.73 to seek levels over 90 yens per dollar again, finding the 200 days MA, which would act as a resistance. Below, the pair built three higher lows since Thursday, which will be the first goals to go to the fibo 61.8. In the way, we have two important levels, as 88.7 and 88.434.
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