USDJPY - Further Gains Above 79.45 On Weekly !
The USDJPY maintained a bullish momentum and broke above 79.45,USDJPY will have to hold above 79.45 on a weekly closing basis to push the market for further upside gains, if seen this scenario could push the pair further higher towards 80.61 , 81.77 , 83.37 and 84.17 levels the next coming weeks ,79.45 would serve as strong support level,Alternatively a failure to hold above 79.45 could mean a return to the 78.69 levels, however, 78.69 is expected to contain any bearish move but If fails, expect USDJPY to weaken further towards the 77.43 levels.
Best Regards
Haitham
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Comment by Haitham653 on October 23, 2012 at 1:08pm -
USDJPY needs to holds above 79.85 on intraday basis to push the market for further upside gains,If seen the pair may surpass 80.00 - recent high- and target 80.61 levels,but in return stability below 79.85 would threaten last week's high 79.45 which serves as strong support now !
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