USD/JPY – Successful test of the rising trendline

• USD/JPY has successfully tested its rising trendline and has moved above the resistance at 79.76 (07/11/2012 low). The next resistance is at 80.03 (intraday high). Hourly supports are at 79.61 (09/11/2012 high) and 79.08 (09/11/2012 low). • USD/JPY is likely in a long-term bottoming process…

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USD/JPY – Successful test of the rising trendline

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