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USDJPY is in downtrend from 90.40

Discussion in 'Technical Analysis' started by ForexCycle.com, Oct 8, 2009.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY is in downtrend from 90.40. As long as resistance of the upper border of the falling price channel holds, we’d expected downtrend to continue and another fall could be seen to 87.50 zone. However, above the channel resistance will suggest lengthier consolidation of downtrend from 97.78 is underway, then the following rebound will take price to 89.50-90.00 area.

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