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USD /JPY: A Steeper Declined Coming?

Discussion in 'Technical Analysis' started by ActionForex.com, May 31, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    After initially breaking the neck line of our Head and Shoulders formation, the USD/JPY decided to reverse course and move above the neck line. However this rally was short lived as worse than expected GDP numbers were released from the US. This news forced the pair back towards the neck...

    complete article here...

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