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January 14, 2013

USD/JPY Challenging Rising Channel Support

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Rising channel: The USD/JPY has been bullish since Jan 8, last Tuesday, rallying from 86.82 to 89.66 to start this week. The rally can be seen in a rising channel as shown in the 1H chart. As we begin the 1/14 US session, the USD/JPY has retraced a bit, back to where it closed last Friday, and also... FF News: Technical

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