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Here is important trading levels for this pair today:
Resistance. 3 : 84.61.
Resistance. 2 : 84.44.
Resistance. 1 : 84.28.
Support. 1 : 84.07.
Support. 2 : 83.91.
Support. 3 : 83.74.
Suggestions:
Scalping from 10 pips to 20 pips near 184.47 Support. 3 for BUY and the Resistance. 3 for SELL; but please, pay attention, that if this pair is still moving for 47– 50 pips after breaking through the Support. 3 or the Resistance. 3, then it is likely to continue the advance, so please, change positions beforehand.
Market Outlook:
Debates occurred between the Japanese Government policymakers signaled about their unpreparedness in the intervening strengthening Yen today. Yoshihiko Noda Japanese Finance Minister said that the ministry has prepared the intervention of foreign currencies simultaneously. However, he gets a rebuttal statement from the Central Bank Governor Masaaki Shirakawa stated that he was not talking about monetary and financial policies in the meetings with the government. The analysts said the Yen is still going strong over the coming months on the condition uncertain about the future of the U.S. economy and global economy. Japanese government intervention are estimated to be done if the dollar falls through the 80 Yen. It seems Yen is still going to strong in two months ahead even though the action overshadowed the Japanese government intervention at any time. In the long term.
