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USDJPY continues its downward movement from 94.68

Discussion in 'Technical Analysis' started by ForexCycle.com, Apr 18, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY continues its downward movement from 94.68 and the fall has reached as low as 91.87 level. Deeper decline is still possible in a couple of days and next target would be at 91.00 area. Resistance is at the falling trend line from 94.68 to 93.71, as long as the trend line resistance holds, downtrend could be expected to continue.

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