FX Technical Strategies
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USD/JPY and EUR/USD
Thu, Oct 30 2008, 14:05 GMT
by Lea Peters
FXUniversity
USD/JPY
- Short term : bullish -to - neutral
- Medium term : bearish
- Long term: bearish
On the upside: break and close above 101 could push towards 103, above which bulls could step in with more power.
On the downside : close back below 95.50 will resume the bearish trend and loss of the 90-level could extend further low towards 82.50
EUR/USD

The bearish structure speaks of itself. Great strides to the upside are still considered corrective. Only above 1.3888 the bulls will be in charge.
Close back below 1.25 should bring the resumption of the downtrend with the possibility of the next leg down to 1.21
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Thu, Oct 30 2008, 14:10 GMT
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