Forex Trading: USDJPY getting more in the groove technically
Posted by Greg Michalowski on Fri, 04/04/2008 - 8:51am in
The USDJPY found initial support for a time period against the 102.11 level, then broke through. The high print subsequent to the move lower has been 102.06. So support became resistance and the stock market going lower pushed it further down. The low after the NFP was 101.59. This will be the next downside hurdle to get through.
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