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Friday, July 08, 2011 2:59:09 PM
Below 80.50/55 (Jul 4 low/day low), the pair might find support at 80 15/25 (Jun 24/30 lows) and 80.00 (Jun 17/22 lows). On the upside, resistance levels lie at 80.80 (previous lows), and above here, 81.40/50 (day highs) and 81.80 (May 30 highs).
The Yen has advanced across the board on risk aversion after NFP figures. EUR/JPY retreat from 116.80 day highs extended 100 pips lower to 115.85 low, whole the GBP/JPY retreat from 130.00 area spiked down to one-week low at 128.85, to pick up afterwards, reaching 129.50 area on early US session.
Source: http://www.fxcc.com
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