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Chart Of The Day: USD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Mar 27, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    At least two technical factors are hinting at a further impending bearish move in the key USD/JPY daily chart, as shown. First, and perhaps most importantly, after the pair broke down below the bottom line of the long-term parallel downtrend channel (which began about a year ago) price retraced back...

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