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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading News: USDJPY Approaching Key Level

Posted by Mr. Danish FX on Wed, 05/14/2008 - 1:19am in

The USDJPY is heading back up to 105.00.  There is talk about some big offers after this key level with stops building up around the 105.30 area.  If 105.00 is penetrated it could shape up to be interesting.