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USDJPY continues its upward movement

Discussion in 'Technical Analysis' started by ForexCycle.com, Mar 25, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDJPY continues its upward movement from 89.76. One more rise towards 93.75 January high is still possible later today, however, minor consolidation would more likely be seen before breaking above this level. Support is now at 91.75, below this level will suggest that a cycle top has been formed on 4-hour chart, then sideways movement could be expected to follow.


    Written by ForexCycle.com

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