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USD/JPY Steps Back From its 2nd Tier Trend Lines

Discussion in 'Technical Analysis' started by ActionForex.com, Jun 27, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    The USD/JPY is backing away from our 2nd tier uptrend line again as the Dollar appreciates across the board in reaction to China's repeated call for a new global monetary standard. In the mean time, the USD/JPY remains the beacon for investor indecisiveness. While bears are tempted to test the...

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