Daily Forex Analysis ? April 26, 2011

USDJPY Analysis. USDJPY stays in a falling price channel on 4-hour chart, and remains in downtrend from 85.51. Key resistance is now at 82.42, as long as this level holds, downtrend could be expected to continue, and next target would be at 81.00 area. On the other side, a break above 82.42 will indicate that [...]

Source: http://blog.forexcycle.com/6262/daily-forex-analysis-april-26-2011/

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