1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USDJPY broke above 106.71 key resistance

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Sep 21, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDJPY broke above 106.71 key resistance and formed a short term cycle bottom at 103.54 level on 4-hour chart. Further rise is possible to 109.00 zone in a couple of days. Pullback would more likely be seen before breaking above 110.66 (Aug 15 high) resistance, and sideways consolidation in a range between 103.54 and 110.66 is now in favor in a couple of weeks.


    Daily Forex Analysis

Share This Page