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USD/JPY Blocked by our 3rd Tier Downtrend Line

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 12, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

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    The USD/JPY continues to hit a brick wall at our 3rd tier downtrend line, revealing the significance of the obstacle. Investors were ambivalent about a better than expected Final GDP from Japan, and the USD/JPY is creeping back into its downtrend as U.S. equities rise. Hence, we are witnessing the...

    complete article here...
     
  2. MechXTrader

    MechXTrader New Member

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    Thanks for the analysis.
     
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