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Short Term Analysis
USDJPY is forming a short term cycle bottom
Mon, May 12 2008, 23:58 GMT
by Franco Shao
USDJPY rebounds from 102.58 and is forming a short term cycle bottom on 4-hour chart. The rise from 102.58 could possibly be resumption of the up trend. Further rally to test 105.70 is now in favor. Near term support is at 102.58, only break of this level will indicate lengthier correction is underway and delay the resumption of the uptrend.
Published on Tue, May 13 2008, 00:00 GMT
Archive
- USDCAD traded in range between 1.0543 and 1.0727
Published On Thu, Aug 21 2008, 00:53 GMT - GBPUSD formed a short term cycle bottom
Published On Wed, Aug 20 2008, 02:59 GMT - GBPUSD might be forming a short term cycle bottom
Published On Mon, Aug 18 2008, 01:11 GMT - USDCAD might be forming a short term cycle bottom
Published On Fri, Aug 15 2008, 01:22 GMT - EURUSD is forming a short term cycle bottom
Published On Thu, Aug 14 2008, 02:56 GMT
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