Thursday, July 16, 2009
USD\JPY Technical Outlook16\7\2009
The USD\JPY yesterday took retracement movement for the downside movement which was happened last week to 50%Fabonaci at the price 94.34 which is it the main resistance. We expected that the pair completed its retracement and now it will continue to decline to achieve the new goal at 90.92 and that apparent through stochastic and CCI indicators.
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