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Short Term Analysis
USDJPY formed a short term cycle bottom at 102.58
Wed, May 14 2008, 00:26 GMT
by Franco Shao
USDJPY formed a short term cycle bottom at 102.58 level on 4-hour chart. Further rise to test 105.70 resistance is expected and break above this level to reach the next short term cycle top is still possible. Near term support is at 103.35 and key support is at 102.58, only break below the key support will indicate lengthier correction is underway and delay the resumption of the uptrend.
Published on Wed, May 14 2008, 00:31 GMT
Archive
- EURUSD formed a cycle bottom at 1.4571
Published On Fri, Aug 29 2008, 03:58 GMT - USDCHF might be forming a short term cycle top
Published On Thu, Aug 28 2008, 02:19 GMT - GBPUSD's down trend remains
Published On Wed, Aug 27 2008, 01:30 GMT - EURUSD is in range trading between 1.4629 and 1.4977
Published On Tue, Aug 26 2008, 00:21 GMT - USDCHF rebounded from 1.0842
Published On Mon, Aug 25 2008, 02:17 GMT
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Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management.
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