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USD/JPY Sinks Beneath our 1st Tier Uptrend Line and 95

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 15, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The Yen's appreciation against the Dollar has carried through our 1st tier uptrend line and the psychological 95 level, two important technical supports. Meanwhile, U.S. equities, crude, and gold are trading sharply lower. Hence, we are witnessing broad-based risk aversion. Though the USD/JPY's sell-side volume remains subdued, downward momentum across...

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