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USD/JPY Technical view

Posted on July 07, 2008

The pair has been running up with no pause since the beginning of the Asian session, and right now is facing a tough congestion zone between 107.73/107.86 clear in 4 hours charts. With indicators turning as the pair seems tired of the run, a rebound around that zone seems likely in the next hours. If the pair manages to break above 107.95, the uptrend will continue at least to 108.20 ...

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