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USDJPY remains in uptrend from 95.81

Discussion in 'Technical Analysis' started by ForexCycle.com, Sep 11, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY remains in uptrend from 95.81, the price action from 100.22 could be treated as consolidation of the uptrend. Another rise could be expected after consolidation, and next target would be at 101.50 area. Initial support is at 98.75, and the key support is located at the lower line of the price channel on 4-hour chart, only a clear break below the channel support could signal completion of the uptrend.

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