USDJPY formed a short term cycle bottom at 94.47 level
16 Nov, 2008 @ 08:27 pm ET | written by Forex Cycle
USDJPY formed a short term cycle bottom at 94.47 level, and the rebound is treated as resumption of up trend. As long as 94.47 support holds, further rally is still possible to test 100.54 previous high resistance, a break above this level will confirm that the fall from 110.66 (Aug 15 high) has completed. Key support is now located at 94.47, only fall below this level will signal deeper decline to retest 90.92 support.
For more forex information, go to www.forexcycle.com
Related Articles:
- Yen Finishes the Year as Biggest Gainer Jan 01, 09


US
UK
Chinese
Japanese
Hong Kong
Spanish
Deutsch
Portuguese
Korean
French
Russian
RSS Most read
Australia
Canada
EMU
Japan
Swiss
England
US


