Chart of the Day – USD/JPY
(Chart courtesy of FX Solutions’ FX AccuCharts. Price on 1st pane, Slow Stochastics on 2nd pane; horizontal support/resistance levels in yellow; uptrend lines in green; downtrend lines in red; 50-period simple moving average in light blue.) 7/30/2009 – USD/JPY – Within the context of a significant parallel downtrend channel, price action on USD/JPY, a daily chart of which is shown, has formed a counter-trend support trendline. The parallel downtrend channel extends from the 4/6/2009 major