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USDJPY’s upward movement extends to 101.80

Discussion in 'Technical Analysis' started by ForexCycle.com, Nov 24, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY’s upward movement from 96.94 extends to as high as 101.80. Support level is now at 100.95, as long as this level holds, the uptrend could be expected to continue, and next target would be at 102.50 – 103.00 area. On the downside, a breakdown below 100.95 support will indicate that consolidation of the uptrend from 96.94 is underway, then the pair will find support around 100.50.

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