USDJPY Classic Technical Report 08.06.2012
Prices are pulling back from falling channel resistance to probe below support at 78.43, with a break lower exposing the range bottom at 77.96 anew. Near-term resistance is at 78.65, with a push above that initially targeting the 79.00 figure and 79.12.
8hr Chart - Created Using FXCM Marketscope 2.0
--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com
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