Mizuho: comments on USD/JPY
2011-01-26 07:48 |
Technical analysts at Mizuho Corporate Bank note that the pair USD/JPY closed below the daily Ichimoku Cloud approaching last week’s minimum at 81.85.

The specialists underline that the momentum has become bearish and advise to look forward to more cautious moves today and during the most part of the first quarter as the greenback will be fluctuating above the record minimums.

According to Mizuho, it’s necessary to attempt small shorts at 82.25, adding to 82.55 and stopping above 83.00. First target 81.85 and then 81.00.



Chart. Daily USD/JPY

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