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USD/JPY Consolidates Around Our 1st and 2nd Tier Uptrend Lines

Discussion in 'Technical Analysis' started by ActionForex.com, Nov 18, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY is continuing its consolidation between our 1st and 2nd tier uptrend lines as the S&P futures hover just above their psychological 1100 level. Not much has changed since yesterday despite another wave of negatively mixed U.S. econ data. The story remains the S&P’s resilience above 1100 despite econ...

    complete article here...

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