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team Graham Parlane

USD/JPY - another voyage to the dark side

Posted by Graham Parlane on 21 June 2012

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The USD/JPY jumped sharply in response to the FED’s relative lack of new easing programs, tracing out a simple ‘bullish engulfing day’ in the process. The technical set up simply looks like a break of the recent downtrend, consolidation and then the green shoots of a new uptrend.

USDJPY – Click here to view chart

Regards

G.

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