| USD/JPY - Forms Consolidation Pattern Above All-Time Low Posted: 08 Nov 2010 09:16 AM PST  Price action on USD/JPY (a 4-hour chart of which is shown) as of Monday (11/08/2010) has formed a converging triangle consolidation pattern near the all-time record low after having consolidated near the lows for the past several weeks. The 15-year low of 80.22, hit on the last day of October, was shy of the all-time 1995 low at 79.75 by less than 50 pips. For more technical analysis on this currency pair, please click here for Monday’s (11/08/2010) Chart of the Day.
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