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USD/JPY Technical Analysis for the Week of Aug 1, 2011

posted by Avatar FXEmpire 662 days ago in USD, JPY, Technical

The USD/JPY pair has fallen hard enough to test the exact point of intervention form the BoJ and 4 other central banks earlier this year. While the technical picture on this chart looks horrible, that very fact about the banks is enough to keep us from selling. If Congress doesn’t come up with something to placate the markets, Monday morning in Asi
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