USDJPY moved sideways in a narrow range between 108.24 and 109.45, as long as 108.24 key support holds, the price action in the range could be treated as consolidation of the uptrend from 101.50, one more rise to 110.00 area is still possible after consolidation. On the downside, a breakdown below 108.24 support will signal completion of the uptrend, then the following downward movement could bring price back to 106.50 area.
For more short term forex analysis and info visit via USDJPY Daily Analysis - September 25, 2014 . Thanks for your support.
No comments:
Post a Comment