1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USDJPY: Turns Off Channel Resistance

Discussion in 'Technical Analysis' started by ActionForex.com, Jul 3, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    With an unsuccessful test of its channel resistance, USDJPY sold off sharply Thursday to close lower at 95.81. We retain our call for downside weakness while the pair maintains within its declining channel suggesting that weakness should shape up towards the 94.45 level, its Jun 01'09 low with a clearance...

    complete article here...

Share This Page