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USD/JPY Technical Analysis 05.09.2013

Ilya Spivak

USD/JPY Technical Analysis- Prices are consolidating in a Triangle formation below the 100.00 figure. A Bearish Engulfing candlestick pattern hints a move lower is ahead. Near-term support is at 97.40, with a break below that exposing a pivot barrier at 96.28. The Triangle top is now at 99.57.

Forex_USDJPY_Technical_Analysis_05.09.2013_body_Picture_5.png, USD/JPY Technical Analysis 05.09.2013

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--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

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