Forex Trading: USDJPY runs into trendline resistance
Posted by Greg Michalowski on Wed, 05/21/2008 - 10:34am in

The USDJPY ran into trendline resistance earlier this morning at the 103.63 level. Should the pair break higher, the pair would target the 104.14 level where the 100 and 200 hour moving averages have converged. On the downside, the 103.10 area should provide descent support today.

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