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USD/JPY Technical Analysis July 28, 2011

posted by Avatar FXEmpire 692 days ago in USD, JPY, Technical

USD/JPY had a hard fall at the beginning of the Wednesday session, but then bounced just as hard as the market rose again. This formed a hammer on the daily chart, and this could be the start of a bounce. The central banks are watching and intervened just below, and as such – this could be a decent place to attempt a buy position if we can break th
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