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Technical Analysis Daily: USD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 11, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    On Monday Dollar/Yen corrected downwards after the strong rise last Friday. The currency couple dropped insignificantly with around 100 pips, forming secondary descending channel, and closed the day at 97.12. Strong support today appeared to be 96.60, break of which may trigger bigger bearish impulse towards next objective 94.00. Our...

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