USDJPY: The pair is now developing downside momentum for a return to its major support at the 84.80 level, its Nov’2009 low after an upside price rejection saw it cutting through its short term rising trendline earlier in the week. The pair had rallied off the 84.80 level in Nov’2009
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USDJPY: Weakness To Develop Towards The 84.80 Level
– July 3, 2010Posted in: Forex Technical Analysis