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August 5, 2012

USD/JPY trading down from channel resistance

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The USD/JPY was pushing to a new high for the week last Friday after the better-than-expected Non-Farm Payroll data. However, the rally retreated after briefing cracking the recent range high as well as a declining channel resistance trendline, going back to the June-high at about 80.60. In the 4H... FF News: Technical

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