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March 2nd, 2009, 3:29 am | By forexcycle | Published in Daily Technical | Comments on this postComments Off

USDJPY breaks below 97.35 support, suggesting that the short term uptrend from 92.50 has completed and sideways consolidation in a range between 96.35 and 98.70 is expected in a couple of days. Further rally is still possible after consolidation and a breaks above 98.70 level will signal the resumption of the medium term uptrend from 87.12.

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