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USD/JPY Technical analysis

03 october 2011

Movement in the general area of consolidation continues. Correction after falling from 85.52 to 79.57 reached 38.2 percent, followed by a break in the downward direction, as the price moves in the range 76.29 - 80.22, repelling from 76.29. Currently, the appreciation of the Japan currency reached 76.58 yen, below the levels of 78,50 ¥, which was the start of the last intervention by the BoJ. While the upper level is near historic lows. Important levels are 82.00 (50-DMA and intervention after the G-7) 83.30-level before the earthquake and 85.80 peak in April.

Support 76.90 76.29 75.95
Resistance 80.22 82.11 85.53