Chart of The Day: USD/JPY

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03-02-2010, 08:12 PM

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Chart of The Day: USD/JPY

Price action on USD/JPY, a daily chart of which is shown, has just formed a tight consolidation after having made a strong bearish run in late February. This occurs within the context of a continuing parallel downtrend channel that has been in place since the 2009 high in April. Having...

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