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USD/JPY - Testing if Market is Flat or Bullish
Stocks, Unit trusts, Wealth Management and Forex markets
23-04-2012, 09:21 PM
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The one
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Join Date: May 2000
Location: UK
Posts: 98,191
Potenza rep: 10
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USD/JPY - Testing if Market is Flat or Bullish
The USD/JPY rallied from 80.27 to 81.76, against the declining channel that started from around the 84.10 area. So far this rally was unable to break through the channel resistance. A break above 81.85/82.00 area would have reflected a channel breakout. Instead the market is respecting the channel resistance and 
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