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USDJPY breaks below 103.54

Wed, Oct 1 2008, 03:14 GMT
by Franco Shao

ForexCycle.com


USDJPY breaks below 103.54 and rebounds sharply from 103.49. A short term cycle bottom has been formed, and further rally towards 108.00 is possible in a couple of days, however a break of 107.01 previous high resistance is needed to confirm such case.


USDJPY 4H Chart


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