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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
- USDCHF pulled back from 1.1486
Published On Sat, Oct 11 2008, 02:09 GMT - GBPUSD breaks below 1.7445
Published On Wed, Oct 8 2008, 01:55 GMT - USDCHF is testing 1.1416 previous high resistance
Published On Sat, Oct 4 2008, 01:20 GMT - USDCAD rebounds sharply from 1.0297
Published On Wed, Oct 1 2008, 03:29 GMT - GBPUSD rebounded to 1.8668 level
Published On Sat, Sep 27 2008, 01:39 GMT
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