USD/JPY Bounces Down off Resistance within Downtrend

By | July 6, 2010

Price action on USD/JPY, a 4-hour chart of which is shown, rose to re-test the key 88.00 resistance level on Tuesday (7/06/2010) before dropping back down to continue its bearish stance. This occurs within the context of a strong overall downtrend for the pair. The re-test of 88.00 was also View full post on Technical Analysis


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