Spot USDJPY, Nikkei, Straits Times Index, Topix, Hang Seng CE Index , Hang Seng, JGB, Kospi

Forecast for 24th January 2013 Spot USDJPY The USDJPY has reached the 89.40/45 resistance and after a struggle we have broken through here. However there is resistance at 89.67 from the peak seen in early January and if we fail to push through here we have a bearish head and shoulders top pattern. This would suggest a move back to 88.94 then 88.54 with the first main target of 88.14/10. This is the neck line to the head and shoulders and a break here would signal further significant losses in

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Spot USDJPY, Nikkei, Straits Times Index, Topix, Hang Seng CE Index , Hang Seng, JGB, Kospi

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