Monday 15 September 2014

USDJPY Daily Analysis - September 16, 2014 Forex Analysis

USDJPY remains in uptrend from 101.50, the fall from 107.39 is likely consolidation of the uptrend. Range trading between 106.50 and 107.39 would likely be seen in a couple of days. Key support is located at the rising trend line on 4-hour chart, as long as the trend line support holds, the uptrend could be expected to resume and another rise towards 110.00 is still possible. Only a clear break below the trend line support could signal completion of the uptrend.



usdjpy chart






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