USDJPY trades in range between 90.92 and 100.54. The rise from 90.92 is now treated as resumption of up trend. Rise to test 100.54 is still in favor next week. A break of this level will confirm that the down trend from 110.66 has completed. Key support is at 90.92, only break down below this level will signal deeper decline towards 87.00 zone.
For long term analysis, USDJPY might be forming a long term cycle bottom at 90.92 on weekly chart. Key resistance is located at 100.54, a break of this level will confirm the cycle bottom.
For long term analysis, USDJPY might be forming a long term cycle bottom at 90.92 on weekly chart. Key resistance is located at 100.54, a break of this level will confirm the cycle bottom.
