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USDJPY: Breaks Above Channel Resistance, Targets The 98.88 Level

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 8, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Following its recent hesitation, USDJPY was seen breaking sharply higher through its channel resistance at 96.13 earlier referred to in our analysis. With that said, further upmove is now envisaged towards the 98.88 level, its Jun 05’09 high having invalidated the 96.97 level, its July’09 high. This view remains consistent...

    complete article here...

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