•  
  • New York 03:21
  • London 07:21
  • Barcelona 08:21
  • Tokyo 16:21
  • Sydney 18:21
  • SignUp | Login

Short Term Analysis

USDJPY trades in a range between 90.12 and 91.62

Fri, Sep 18 2009, 02:09 GMT
by Franco Shao

ForexCycle.com  |  View company's profile


Vote:

1

0

USDJPY trades in a range between 90.12 and 91.62. As long as 91.62 resistance holds, the price action from 91.20 is treated as consolidation of downtrend from 97.78, and deeper decline to 89.00-89.50 area is possible. However, a break above 91.62 will indicate that a short term cycle bottom has been formed at 90.12 and the downtrend from 97.78 has completed, then the following uptrend will take price back to 94.00 zone.


USDJPY 4H Chart


Archive


Legal disclaimer and risk disclosure

Investment and trading decisions are solely your responsibility. None of the ForexCycle.com newsletters or web site materials should be interpreted as a recommendation or solicitation to take any short or long positions, or to take any specific action.
Vote:

1

0

Related reports

Forecast on USD Majors (EURUSD, GBPUSD, USDJPY) by Precise Trader
Fri, Mar 19 2010, 05:45 GMT

Dollar Recovers Ground as Traders Focus Risk Trends rather than Tame Inflation by DailyFX
Fri, Mar 19 2010, 05:40 GMT

USD/JPY, EUR/USD Flows - Kyodo: Privatization For Japan Post Be Decided on Wed-Kamei by FXMarketAlerts
Fri, Mar 19 2010, 05:07 GMT

US INDEX, USD/JPY Flows - China's He reminds:Treasuries purchase stabilise markets by FXMarketAlerts
Fri, Mar 19 2010, 04:58 GMT

Market Morning Briefing by Kshitij Consultancy Services
Fri, Mar 19 2010, 03:37 GMT

usdjpy

[ View All ]

Related content

Asian FX market wrap: Chinese/US tensions, fewer JPY repatriations
Forex Live | Fri, Mar 19 2010, 05:02 GMT

Japan All Industry Activity Index (MoM) up to 3.8% in Jan from -0.3%
FXstreet.com | Fri, Mar 19 2010, 04:32 GMT

Japan’s retail investor sentiment index +6 points
Forex Live | Fri, Mar 19 2010, 03:44 GMT

JPY crosses: much of repatriation has now been done
Forex Live | Fri, Mar 19 2010, 01:47 GMT

Forex: USD/JPY gaining and trades at 90.54
FXstreet.com | Fri, Mar 19 2010, 01:45 GMT

usdjpy

[ View All ]

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

©2010 "FXstreet.com. The Forex Market" All Rights Reserved.