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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

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    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.

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