1109 GMT [Dow Jones] USD/JPY's break back above 89.19 resistance suggests a major low is in place at 84.84, says MIG Investments Howard Friend. Now at 89.95 he looks for any dips to be contained by the 88.00 support area while topside a recapture of the reaction high at 92.33 would suggest gains toward 97.78 and 101.45 area possible. On the downside only below 88.00 would let the bears off the hook and open risk toward the all-time low of 79.75, says Friend. (GST)
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