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USD/JPY Hits New All-Time Low Within Bearish Trend Channel

posted by Avatar jameschen 212 days ago in USD, JPY, Technical made popular 212 days ago

USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the early April high around 85.50. The downtrend channel has prompted the pair to drop below successively lower support
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