Long Term Forex Analysis
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USDJPY is in consolidation to the up trend
Wed, Apr 30 2008, 02:01 GMT
by Franco Shao
USDJPY is in consolidation to the up trend. As long as 102.67 holds, we'd expect up trend to resume and further rally to 107.00 area is still in favor after consolidation. Key support is at 100.02, only break of this level will signal the resumption of the long term down trend.
For long term analysis, USDJPY broke below the long term support at 101.65 (Jan 2005 low). Further fall to 90.00 area to reach the next cycle bottom on weekly chart is in favor.
Published on Wed, Apr 30 2008, 02:06 GMT
Archive
- AUDUSD rebounds from 0.7789 level
Published On Sat, Jun 27 2009, 12:44 GMT - USDCAD is moving to the next cycle top on daily chart
Published On Sat, Jun 20 2009, 04:25 GMT - EURUSD rebounds from 1.3804
Published On Wed, Jun 10 2009, 02:51 GMT - AUDUSD stays above the rising trend line on daily chart
Published On Sat, Jun 6 2009, 13:03 GMT - AUDUSD remains in bullish movement
Published On Sat, May 30 2009, 05:48 GMT
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