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USDJPY - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Wednesday, September 27, 2006 at 02:29 GMT

Down trend of USDJPY is limited by the price channel support, it may be topping at 118.27 on daily chart, and this cycle top must be confirmed by break below the key support at 116.08 level. Further fall towards 113.39 previous low support can be expected if the key support is broken below.

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