Daily Forex Analysis ? April 22, 2011

USDJPY Analysis. USDJPY’s downward movement from 85.51 extended further to as low as 81.62. Resistance is at the upper border of the price channel on 4-hour chart, as long as the channel resistance holds, downtrend could be expected to continue and next target would be at 81.00 area. Only a clear break above the channel [...]

Source: http://blog.forexcycle.com/6248/daily-forex-analysis-april-22-2011/

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