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Monday, March 07, 2011

SquawkBox - After the massacre...

After the massacre of last Friday during US Non-Farm Payroll. Will there be a follow through in the market today?

Can the USD/JPY touch 81.75 today? From the looks of it, it may seem not to but we shall see. Why 81.75? It seems to be a good support level based on last week's price action.

If that is not the case, we can look forward to 82.83 and followed by 83.35 as resistance level. Either way, anything is possible in trading. Let's see how it goes today.

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