Spot USDJPY, Nikkei, Topix, FTSE China A50, Hang Seng CE Index, Hang Seng, Kospi, Gasoil ICE, Natural Gas

Forecast for 4th February 2013 Spot USDJPY The USDJPY experienced a 13 year bear market from 1998 to 2011 which saw prices bottom at 75.35. The first Fibonacci target for the bounce of the 13 year bear market is at 92.42 and we reached this target on Friday. The market is very overbought on weekly and daily charts and this really should have acted as strong resistance so it is a surprise that we shot through this level like it was not there. The unstoppable 4 month rally closed above 92.42 on

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Spot USDJPY, Nikkei, Topix, FTSE China A50, Hang Seng CE Index, Hang Seng, Kospi, Gasoil ICE, Natural Gas

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