1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

USDJPY rebounded from 76.72

Discussion in 'Technical Analysis' started by ForexCycle.com, Jul 31, 2011.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    Being supported by 76.40 previous low, USDJPY rebounded from 76.72. The pair is now facing the resistance of the downtrend line on 4-hour chart, as long as the trend line resistance holds, another fall to re-test 76.40 support is possible. On the upside, a clear break above the trend line will indicate that the fall form 81.47 has completed at 76.72 already, then the following upward move could bring price back to 82.00-83.00 area.


    Forex Signals

Share This Page