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Chart Of The Day: USD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 20, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Price action on USD/JPY, a 4-hour chart of which is shown, has reached up to bounce down off of a significant support/resistance level in the 97.15 price region. This level corresponds approximately with the key 50% Fibonacci retracement level of the recent descent from 98.56 to 95.50. Continued bearishness in...

    complete article here...

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