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Dear traders,
Thanks to all who have given me the idea where the index is
heading. It's on its way up today gapped up 1,000 points but closed
+600. A 50% retracement will be around 9500. If the USD/JPY drives
lower there will be a good chance. It very much depends on the JPY's
movement. I see continuous selling in the USD at 137.00 level
and 135.50 will be challenged. Volitility remains high in JPY bidding
at 19.5% but now is around 18%. There should be some more actions in
the USD/JPY.
Happy trading,
Joe.
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