FXstreet.comFXstreet.comChart of the Day - USD/JPY

FXstreet.com latest updated reports. Currency market overviews, forex trading recommendations, technical analysis, currency forecasts, etc. A must in your trading day.(Chart courtesy of FX Solutions' FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.) 5/15/2008 – USD/JPY – After a clean breakdown of the short-term uptrend line within the context of the long-term parallel downtrend channel on the USD/JPY daily chart, as shown, price has performed the beginnings of a classic pullback to the uptrend line. Of course, a true pullback and downward
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