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September 17, 2012

USD/JPY – Reversal Rally Versus Key Triangle Trendline

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The USD/JPY has been falling before last week's Fed announcement on Thursday (9/13). After Thursday,  however even with a USD-negative announcement in an open-ended QE3, the USD/JPY found support at 77.00. The weekly chart shows the pair bouncing off a rising trendline. Also note that the... FF News: Technical

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