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Greg Michalowski

USD/JPY Moves Lower And Approaches Support Levels But Waffling

By Greg Michalowski on August 13, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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The USDJPY has continued its move lower this morning after breaking through the 200 hour MA at the 95.83 level.  The low from yesterday comes in at the 95.11 level.   The low reache 95.28 so far.

The market seems to be waffling in no- where land. There is some intraday resistance against the 95.55 level. Watch this level. Above that 95.73 (see chart above)

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