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USD/JPY’s Bearish Break – Forex Chart Alert

July 27, 2013 10:06 pm GMT+0  in Chart Alert

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USD/JPY, once again, failed to sustain over 100.00 and fell. Not only that but it broke below 98.23 and that casts some bearish shadows for short-term. The questions now are, will the consolidation see some more depths or not and if yes then to what levels? Let’s just see what do the charts say about it.

USD/JPY and 200 day moving average

USDJPY and 200 day moving average

Longer-term view against 200-day moving average

USDJPY with 200 day SMA - longer term

USD/JPY and retracement levels (weekly chart)

USDJPY retracement levels

Expected Resistances (4-hourly chart)

USDJPY- expected resistances

You may also like to check the USD/JPY predictions which are updated weekly and the USD/JPY daily analysis.

Do leave your comments to discuss it further in the comments box below.

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