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USDJPY remains in short term uptrend from 79.69

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 4, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
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    USDJPY remains in short term uptrend from 79.69. The price action from 81.26 is treated as consolidation of uptrend. Key support is at the uptrend line on 4-hour chart, as long as the trend line support holds, uptrend could be expected to continue, and next target would be at 81.60-81.80 area. Only a clear break below the trend line support will indicate that the rise from 79.69 is complete, then the another fall towards 78.00 could be seen.


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