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USDJPY pulled back from 84.30

Discussion in 'Technical Analysis' started by ForexCycle.com, Dec 9, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    Being contained by 84.40 resistance, USDJPY pulled back from 84.30. However, the fall from 84.30 is likely consolidation of uptrend, another rise to re-test 84.40 key resistance is still possible later today, a break above this level will indicate that the uptrend from 80.30 has resumed, then next target would be at 85.00 area.

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