USDJPY’s fall extended to 88.57

USDJPY stays in a falling price channel and remains in downward movement from 93.75. Another fall is still possible next week and target would be at 88.00 area. Resistance is now at the upper border of the channel, as long as channel resistance holds, downtrend could be expected to continue….
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[Source: MoneyTec 2.0 - Online Forex Traders & Brokers Social Networking Community - Technical Analysis - Posted by FreeAutoBlogger]