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August 28, 2012

USD/JPY Trying to Confirm Flag Pattern Breakout

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The 1H USD/JPY chart shows a market that has been consolidating since it fell after the FOMC meeting minutes showed more urgency to consider QE3, which slapped the USD across the board. In the previous USD/JPY update, I noted that it was holding above a rising trendline, which has held price action... FF News: Technical

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