Daily Forex Analysis ? March 18, 2011

USDJPY Analysis. USDJPY bounce strongly to as high as 81.84. Further rise is still possible, and next target would be at 82.50 area. Initial support is at 80.90, only break below this level could indicate that a minor consolidation of uptrend is underway, then pullback to 80.00-80.50 zone could be seen. GBPUSD Analysis. GBPUSD failed [...]

Source: http://blog.forexcycle.com/6076/daily-forex-analysis-march-18-2011/

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