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FxWirePro: EUR/AUD set To for bigger drop, but close below key fibo needed

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USD/JPY bearish close Fri targets Cloud

Monday, March 23, 2015 12:50 PM UTC

Source: Thomson Reuters

USD/JPY more or less holding 76.4% of 119.29-121.20 rise at 119.74 intraday
Bearish close Fri below daily Kijun & 50% Fibo at 120.07 targets Cloud
Falling USD-JPY yield spreads weigh on pair
Best case for bulls is a 38.2% of the 121.20-119.725 slide at 120.29: a fade
Daily cloud at 118.71/46, but twists Weds at 118.50-29; 100-DMA 118.71
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USD/JPY bearish close Fri targets Cloud

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