Thursday, May 7, 2009

UNITED WOLRD CAPITAL Technical Analysis Daily: USD/JPY

Dollar/Yen closed higher on Wednesday as part of the consolidated reduction from last week. On the 1 hour chart the currency couple broke downwards the rectangle area, but seemed to hesitate to continue the descending movement and today sharply rose. The trend line gave a good support and a bouncing.... UWCFX

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[Source: Technical Analysis Daily: USD/JPY]
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Posted by United World Capital Forex at 7:33 PM

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