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Ikon forex "USD/JPY might fall back"

Discussion in 'Forex Discussions' started by ikonforex, Feb 17, 2011.

  1. ikonforex

    ikonforex New Member

    Dec 22, 2010
    Likes Received:
    Early in the Asia forex market on Thursday (February 17), the forex price of USD/JPY was maintained at above 83.50 and got an adjustment there, in the previous night the highest point this forex price had reached was at 83.97.

    Some forex analyst pointed out that the forex price of USD/JPY maintained a surging trend of the very beginning of February in this four hours forex trading chart. But after this forex price reached above 83.50, the surging trend was smoothed, and if it continued to be blocked at 84.00, then in short term a fall back might occur.

    In the one day trading chart, RSI fell from high, and MACD deviated from the current trend in four hours trading. This forex analyst predicted that the key support point below USD/JPY was at 83.00-10, and in this trading session, it is expected that this forex price would get an adjustment at 83.00-84.00. If this forex price breaks the high point 84.00, then later in the forex market the target would be pointed to 84.50.

    The forex price of USD/JPY was at 83.58/61 at 08:22 Beijing time.

    Edited by Laura in Ikon Group.

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