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April 20, 2012

USD/JPY Breaks Channel Resistance; 81.85 is Resistance Pivot

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The USD/JPY has broken above a declining channel that went from about 84.08 to 80.27. At the moment, it trades at 38.2% retracement of the channel and is breaking its declining resistance. The break is important, and the 4H RSI reading breaking above 60 after persistently staying under was... FF News: Technical

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