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Depth technical look Report 26.2.2014 of USD/JPY
Within the on-going consolidation in Dollar/Yen beneath the key resistance at 102.83, the intraday chart has begun to depart a sequence of lower highs and lower lows over the past few days. Despite hourly moving averages all flattening off, the greenback can have to be compelled to rally back higher than the resistance currently in situ at 102.40 because the lows retreat toward the pivot level around 102.00.
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