USD/JPY Analysis June 13 2012

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The currency pair samples the top of its downward channel, and is still below the psychological barrier at 80, break above which signals will reverse the downward trend. If the upward movement to restore lasting serious resistance can be expected at the summit of May 2011 at 82.20 and key level in 84 short-term and long-term potential targets are up 85.80 – peak in April and 87.09 – 23.6% Fibonacci correction of the entire decline from 124.12 to 75.50. In continuation of the downward movement of the target are the next levels in 77 lower part of the price channel and 76.03 – year low.

 

 

usdjpy 13 06 2012 USD/JPY Analysis June 13 2012


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