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USDJPY is forming a sideways correction

Discussion in 'Major Currency Pairs' started by ForexCycle.com, Oct 20, 2008.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY is forming a sideways correction in a range between 97.91 and 103.06. One more rise above 103.06 to reach next cycle top on daily chart is still in favor. Key support is located at 99.27, only fall below this level will indicate that the consolidation from 97.91 has completed, and then further fall to test 95.77 (Mar 17 low) support could be seen.

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