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USDJPY consolidated below 84.40 previous high

Discussion in 'Technical Analysis' started by ForexCycle.com, Dec 12, 2010.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY consolidated below 84.40 previous high resistance and pulled back to as low as 83.45 level. Another rise to test 84.40 is expected later today, a break above this level will indicate that the uptrend from 80.30 has resumed, then further rise to 85.50 area could be seen. Support is at 83.45, only break below this level could bring price back to 82.00 zone.

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