Intraday Market Thoughts

Archived IMT (2010.01.07)

by Ashraf Laidi
Jan 7, 2010 16:14

USDJPY failed to touch its 200-day MA, which would have been the first time since August 2009. 92.80 is set to be the support before tomorrows NFP, which could pave the way for a successful break (close) above the 200 day MA of 93.50. GBPUSD bottomed right above the $1.5980 target but our expectations for deteriorating UK-US yield gap means the upside remain limited at $1.63. USDCHF capped at the initial 1.0370 resistance from the latest HotChart. Thanks again for those who voted for alaidi . Please make sure you state the reason for your vote so that it is counted.


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