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Stocks Fail to Hold Gains, But Still No Correction

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The U.S stock market indexes…

Why The Next Oil Boom Will Be Fueled By Blockchain

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As blockchain tech works its…

Irredeemable Currency De-tooths Savers

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An irredeemable currency system traps…

USD/JPY: Making New Highs

USD/JPY has broken the resistance at 96.71 (12/03/2013 high). A next resistance can be found at 99.74 (07/05/2009 high), while a strong resistance is at 101.45. Hourly supports are at 98.30 (intraday low) and 97.51 (intraday low).

Given the strong bullish momentum, we have raised our last target and our stop-loss.

USD/JPY has validated a long-term bullish trend reversal formation by breaking the strong resistance at 85.53 (06/04/2011 high). A move towards the key resistance at 101.45 (06/04/2009 high) is expected.

Daily Technical Report

 

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