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Saturday, December 25, 2010

Happy Holidays!


A breakout of the latest range requires a higher low above 80.80 or a lower top below 80.30. The downside target includes the 79.20/79.50 range, while a bullish breakout suggests a move towards the 200-day moving average.

STRATEGY UPDATE:
BUY USD/JPY at 82.52, targeting 83.62 1st, risking 81.97
LOOK TO RE-SELL EUR/CHF & GBP/CHF

Happy Holidays!