Forex Trading: USDJPY retracement
Posted by Basil Fayad on Thu, 07/03/2008 - 6:41pm in
USDJPY has retraced from its high June 16 at 108.57 to the low June 30 at 104.97 to the 50% retracement level at 106.75 A break through this level could yield 61.8% retracement at 107.18. If resistance holds we could see a dip back down to former resistance which is now support at 106.34 and down to 105.85. CLICK PICTURE FOR LARGER CHART
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