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USDJPY Weekly Analysis - April 27, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 27 April 2014 07:21 UTC
USDJPY is facing the 100.75 key support, a breakdown below this level will indicate that the downtrend from 105.44 has resumed, then deeper decline to 95.00 area could be seen. On the upside, as long as 100.75 support holds, the price action from 105.44 would possibly be consolidation of the uptrend from 93.79 (Jun 13, 2013 low), one more rise to 110.00 is still possible after consolidation.

usdjpy chart

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