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USD/JPY on Course for Bearish Correction

November 27th, 2009

USD/JPY sustained upward movement has finally pushed its price into the over-bought territory on the hourly chart’s RSI. Not only that, but there actually appears to be a bearish cross on the Slow Stochastic pointing to an imminent downward correction. Forex traders have the opportunity to wait for the downward breach on the hourlies and [...]

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Author: admin Categories: Currencies Tags: ,