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USDJPY Weekly Analysis - May 25, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 25 May 2014 05:03 UTC
USDJPY is testing 100.75 support, a breakdown below this level will signal completion of the uptrend from 93.79 (Jun 13, 2013 low), then the following downward movement could bring price to 96.00 area. On the upside, as long as 100.75 support holds, the price action from 105.44 would possibly be consolidation of the uptrend, one more rise to 110.00 area to complete the upward movement is still possible.

usdjpy chart

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