USD/JPY : Critical Point 84.38

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Hong Kong Qindex 09:56 GMT January 9, 2011
USD/JPY : Critical Point 84.38 : Reply
USDJPY
Entry: Target: Stop:

USD/JPY : Critical Point 84.38

Last week the market hit the low and high at 80.99 and 83.67 respectively and it closed at 83.03. The distribution profile of the monthly cycle charts indicates that 84.38 is a critical point. The monthly cycle congested area suggests that the market has a tendency to trade within 80.24 and 86.09.

USD/JPY : Monthly Cycle Charts
http://www.qindex.com/yen.html

USD/JPY : Monthly Cycle Charts

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