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USDJPY stays in down trend

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Major Currency Pairs Discuss on the four major currency pairs: EURUSD, USDJPY, USDCHF, and GBPUSD

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#1 (permalink)

09-03-08, 09:56 PM

ForexCycle.com ForexCycle.com is offline

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USDJPY stays in down trend

USDJPY is in down trend. One more fall below 107.62 to reach the next short term cycle bottom on 4-hour chart is still possible in a couple of days. Key resistance is located at 109.18, only rise above this level will indicate that a cycle bottom has been formed at 107.62, and then further rebound could be seen to test 110.27 resistance.

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