USD/JPY Forecast Nov. 29th, 2011, Technical Analysis

The USD/JPY pair rose during the “risk on” rally Monday, but gave up some of their best gains towards the end of the session. The pair has come under pressure anytime it has risen, and we think that theme should continue going forward. In fact, it would take a rally to above the 80 handle for us to consider buying this severely beaten down currency pair. With this in mind, we are fading rallies and not buying at all.

USD/JPY Forecast Nov. 29th, 2011, Technical Analysis USD/JPY Forecast Nov. 29th, 2011, Technical Analysis

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