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USD/JPY Eyeing 87.00

Discussion in 'Technical Analysis' started by ActionForex.com, Feb 26, 2010.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY continues to decline towards 87.00. Although the decline appears to be stalled at the moment, the stochastic shows that the momentum is strong, and along with price action, which broke a rising support, shows that further decline is likely. Bearish mode is maintained as SMA50

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