Forex Market Review: Daily Forex Analysis 2010-08-10

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By Finexo.com – Morning Forex Review – Will the Fed adopt new easing measures? Last Friday’s report of unemployment data for July, along with...


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  • USD/JPY order book

    Heavy sell orders yesterday in USD/JPY between 98.60/80 did not get filled and these offers may move lower today. Some dealers are expecting the sellers out of Tokyo to place their orders around 98.10/25. Solid bids are still noted at 97.50 and especially between...

  • EUR/JPY technicals

    Modest uptrend still in play here on the hourly charts but the excessive volatility from last Friday between 136.30 and 139.20 may be signalling th the quiet times are over and we are in for more high volatility. Risk/reward would seem to favour buying dips with a stop below...

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