USD/JPY Remains Supported; EUR/USD Comes Back Down

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USD/JPY Remains Supported; EUR/USD Comes Back Down

By Greg Michalowski on June 29, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The USDJPY has continued the move higher as shorts are forced to cover.

Meanwhile the EURUSD comes off the high level at the 1.4080 level (old high was 1.4077) See prior post. The downside becomes the focus once again. The NY range has 1.4042 as the low. The high is 1.4080. It is likely the range will be extended. On the downside the next support comes in at 1.4020 to 1.4024.

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