Daily Forex Analysis ? April 25, 2011

USDJPY Analysis. USDJPY remains in downtrend from 85.51, the price action from 81.62 is treated as consolidation of downtrend. Resistance is at the upper border of the price channel on 4-hour chart, downtrend could be expected to resume after touching the channel resistance. However, a clear break above the upper border of the channel will [...]

Source: http://blog.forexcycle.com/6255/daily-forex-analysis-april-25-2011/

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