| USD/JPY - Approach of Long-Term Lows Posted: 19 Aug 2010 08:41 AM PDT  Price action on USD/JPY (a 4-hour chart of which is shown) as of Thursday (8/19/2010) morning has once again reached down to the key 85.00 region lows after dropping today from near 86.00. This occurs within the context of a strong, accelerated overall downtrend extending from the June high. In the event of a strong breakdown below the 84.70 long-term (15-year) low hit just last week … For more technical analysis on this currency pair, please click here for Thursday’s (8/19/2010) Chart of the Day.
James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
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