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USDJPY continued its downward movement

Discussion in 'Technical Analysis' started by ForexCycle.com, Aug 9, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDJPY continued its downward movement, and the fall extended to as low as 76.70. Further fall to test 76.29 previous low support could be seen later today, a breakdown below this level will indicate that the long term downtrend has resumed, then next target would be at 74.00 zone, however, rebound is possible before breaking below 76.29 support.


    Daily Forex Analysis

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