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USDJPY Daily Forecast: July 29

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07/28/2010 08:21

USDJPY Forecast:
The USDJPY failed to continue its bullish correction yesterday. On h1 chart below we can see that price is now testing the trendline support indicating critical phase. Break below the trendline support could trigger further bearish pressure testing 86.82/33 region and could potentially end the upside correction. Immediate resistance at 88.23/11 area.

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