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May 25, 2012 03:32PM GMT
     
 
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Technical JPY

By   |  Technical Analysis  |  Jun 24, 2011 01:33PM GMT  |  Add a Comment
 
The planned breakout variant for buyers was realized without achievement of the assumed targets yesterday. OsMA trend indicator, having marked preservation of bulls in general, doesn’t contradict with preservation of open long positions. Nevertheless, taking into account overbought condition of the rate, a possibility of another retracement to supports 80,30/40 remains, where it is recommended to evaluate activity development on the charts with smaller time frame. For long positions, on condition of formation of topping signals, the targets will be 80,70/80, 81,00/10 and/or further breakout variant up to 81,40/50, 81,80/90, 82,10/20. Alternative for sales will be below 79,90 with targets 79,50/60, 79,10/20, 78,70/80.


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