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Going through correction

03 June 2015, USD/JPY

Going through correction

4 hours’ chart of USDJPY. The pair has bounced from the main level of resistance 125.00 (8/8), having broken 4 hours’ Super trend line on the fly. As a rule, in such cases the intermediate level of support 123.44 (6/8) performs as the target. This pair can reverse price movement up again with the nearest target based on the level (8/8).

Nikolay Krishtopov
FreshForex Analyst
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