Quote:
Originally Posted by LG1
JPY is ready to break 103.00 tomorrow.
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There some significant support before a we hit 103.00. Although, It may only take some more scares from the banking industry after the the S&P downgrades and the B&B debacle in the U.K. However, there is Fibo support at 103.64 and trendline support at 103.85. and there is believed to be significant stops at those levels from the institutionals. But if we break through the pair may fall to 102.28, the 4/18 low and 61.8% Fibo of 100.03-105.86 rally
