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USDJPY remains in uptrend from 101.50

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 21, 2014.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

    Sep 1, 2008
    Likes Received:
    USDJPY remains in uptrend from 101.50, the fall from 109.45 is likely consolidation of the uptrend. Support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to continue, and next target would be at 110.00 area. Only a clear break below the trend line support will indicate that the uptrend had completed at 109.45 already, then deeper decline to 106.50 area could be seen.


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