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USDJPY: Cuts Back Into Its Declining Channel, Aims At The 94.35 Level

Discussion in 'Technical Analysis' started by ActionForex.com, Aug 14, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    With the pair failing to hold above its broken falling trendline, a cut back into the mentioned channel was seen on Thursday and a follow through lower continued in early morning trading today. The current price action now leaves further downside moves towards the 94.35 level, its Aug 04’09 low...

    complete article here...

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