Forex Signals

Price action on USD/JPY, a daily chart of which is shown, has consolidated for the last several days after having made a strong bullish breakout move last week. This consolidation range occurs in the price zone between 92.00 and 93.00. A breakout to the upside above this range would lend additional strength to a potential bullish reversal of the long-term downtrend … For more technical analysis on this currency pair, please click here for Tuesday’s (3/30/2010) Chart of the Day.

- James Chen, CTA, CMT

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