Flag formation on hourly chart.
Friday, September 30, 2011
Sunday, September 25, 2011
Monday, September 19, 2011
USD/JPY Daily Chart
USD/JPY is holding up its grounds above support levels 76.27 and 76.00, forming a consolidation period! The trend line from 04/06/2011's high (retest on 08/04/2011) in addition to 77 .84 resistance level are forming a major resistance. If broken and held then we might see a test of 200 day moving average which is currently above 80.00.
Pair is also showing powerful bullish moves above the support levels mentioned above.
See Daily Chart.
Pair is also showing powerful bullish moves above the support levels mentioned above.
See Daily Chart.
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