USDJPY Analysis, Daily Forex Analysis, August 24th 2010

24 August 2010 @ 06:10 am EDT

USDJPY continues to move sideways in a range between 84.72 and 86.37. Support is at 84.72, a breakdown below this level could trigger another fall to 82.00 area. Resistance is at 85.90 followed by 86.37, above 86.37 level will indicate that the fall from 89.15 (Jul 12 high) has completed at 84.72 already, then the following upward move could bring price back to 87.50 area.

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