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Chart Of The Day: USD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Jan 7, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    Price action on USD/JPY, a daily chart of which is shown, has hit a new 4-month high and, in the process, has reached the top of a medium-term downtrend channel extending from the April 2009 high. This downtrend channel resides within a larger, long-term downtrend channel extending from the June...

    complete article here...

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