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USD/JPY Forecast February 9, 2012, Technical Analysis

posted by Avatar FXEmpire 902 days ago in USD, JPY, Technical made popular 902 days ago

USD/JPY continues to grind higher on Wednesday as the market takes the recent admission of the Bank of Japan to intervening in the markets recently. The 77 handle is resistive and in the middle of recent consolidation, and could continue to fight the bulls in this pair. We don’t like buying or selling at this point, as we see a bit of a “no man’s l
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