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Forex Flash: USD/JPY, above 100.00 the 105.00 comes into sight - BTMU

FXstreet.com (Barcelona) - Bank of Tokyo Mitsubishi UFJ analysts offered their technical analysis on USD/JPY, pointing out the fact that the pair has already "more than retraced halfway to the 99.73 midpoint between the June 2007 high of 124.14 and the October 2011 low of 75.32, with the 61.8% retracement point at 105.49, and 112.61 would mark a 76.4% retracement."

"Using the August 1998 high of 147.64, a halfway retracement would be 111.48 (and a 61.8% retracement would be 120.01), therefore, once USD/JPY exceeds 100.00, the April 2009 high of 101.45 or 105.00 would come into sight. Then the next marker could easily be the August 2010 high of 110.00 or even higher" the team adds.

Forex: AUD/USD finds rock solid support at 1.0290 bid line

AUD/USD is last at 1.0294, around same levels from Monday's previous 1-month lows. The pair has already found support around this level for 7 times already since Monday, last 3 times since NY session. AUD/USD is down -2% for the week so far, retracing from recent session highs at 1.3011, while local share markets trade in the green overall.
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Forex: GBP/JPY trading range continues, resistance at 150.60 still looms overhead

The GBP/JPY closed the NY session up 30 pips at 150.07. The pair continues to find support from the short term uptrend line connecting the lows of the last 4 sessions, while resistance at 150.60 continues to cap advances. All of the yen crosses are setting up with similar consolidation patterns, which isn’t surprising given dramatic ranges amid recent volatility...
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