Sunday, February 12, 2012

USD/JPY Drops to our 2nd Tier Uptrend Line

June 18, 2009 by · Leave a Comment 

The USD/JPY finally yielded to our 3rd tier downtrend line after knocking on the door for several days. The currency pair proceeded to drop through our 3rd tier uptrend line without hesitation on rising volume. However, volume did not reach an abnormal level, and the USD/JPY is finding support once…

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