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USDJPY’s upward movement extends to 98.84

Discussion in 'Technical Analysis' started by ForexCycle.com, Apr 7, 2013.

  1. ForexCycle.com

    ForexCycle.com Content Contributor

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    USDJPY’s upward movement from 92.56 extends to as high as 98.84. Support is now at 96.70, as long as this level holds, the uptrend could be expected to continue, and next target would be at 100.00 area. On the other side, a breakdown below 96.70 will suggest that a cycle top is being formed on 4-hour chart, then consolidation of the uptrend could be seen to follow.

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