Levels to watch in early Asian trade

  • USD/JPY: Important technical support at 79.10 has been briefly breached but the market expects BOJ activity below 79.00
  • EUR/GBP: Hedge funds selling near .8100
  • NZD/USD: Inverted H&S neckline at .7610 should provide solid support on dips
  • EUR/USD: 1.2885 is 38.2% retracement of steep fall from 1.3280/1.2640
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