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Major support reached

Major support reached | 24 October 2013

24 October 2013, USD/JPY

The USD/JPY pair has been consolidating at formidable support, with still more further down at the 96.95. There are various counts to the down-side, but the main count from the highs is to 95.65. A clear move below the 96.95 support level would indicate a continuation down to the target, however, current support is multiple and strong and there remains a risk of a recovery bounce.
Major support reached
Mark Satcher
Analyst of «FreshForex» company
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