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Author Topic: Chart of The Day: USD/JPY  (Read 3975 times)
pranjali
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« on: March 23, 2010, 11:09:30 am »

Chart of The Day: USD/JPY
         


Price action on USD/JPY, a daily chart of which is shown, has been in a trading range consolidation for around two weeks now. This consolidation has taken the form of a symmetrical triangle or pennant type of formation, which is essentially a converging consolidation, and occurs within the context of...
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/chart-of-the-day%3a-usd%10jpy-20100323109502/
         
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