Forex Signals

Price action on USD/JPY (a 4-hour chart of which is shown) as of Tuesday (9/21/2010) has, for the time being, respected the confluence of resistance at: the 86.00 level and the key downtrend resistance line extending from the 2010 high hit in May. For more technical analysis on this currency pair, please click here for Tuesday’s (9/21/2010) Chart of the Day.

James Chen, CTA, CMT

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