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March 20th, 2009, 4:40 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY remains in short term downtrend from 98.96. Further fall to 92.00 zone to reach the next short term cycle bottom is possible, and the next cycle bottom is nearing. Key resistance is now located at 95.70, above this level will indicate that a short term cycle bottom has be formed at 93.53 level already and the fall from 99.67 has completed.

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forexcycle Forex Cycle. See more Forex Analysis from forex cycle.

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