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Usdjpy Pulled Back Sharply From 108.41

Posted on 06/29/2008 20:42:36 | Link | Post Comment
USDJPY pulled back sharply from 108.41 and broke below 106.56 support. The pair is now in down trend. Further fall is still possible to 105.00 area in a couple of days. Initial resistance is at 107.20, as long as this resistance holds, we’d expect down trend to continue.






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