Friday, October 14, 2011

USDJPY 10.14.11

USDJPY is showing significant signs of becoming bullish and breaking out of the sideways trend it has been experiencing.  The pair has broken through the 20day SMA and 50day SMA, as well as the daily down trend. Lastly, the stochastics have shown a bullish crossover.  This pair may see the 79.00's soon.

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