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USD/JPY Forecast January 30, 2012, Technical Analysis

posted by Avatar FXEmpire 117 days ago in USD, JPY, Technical made popular 117 days ago

USD/JPY fell during the Friday session as the Dollar continues to weaken against most other currencies. The area just below starts the support level that the Bank of Japan has been defending, so this area could produce interventions. Because of this, we certainly cannot sell at this point. However, until we get a supportive candle, we can’t buy ...
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