USDJPY remains in downtrend from 110.08, and the fall extended to as low as 106.67. Further decline is still possible and next target would be at 106.00 area. Resistance is at 108.20, only break above this level could signal completion of the downtrend, then the following upward movement could bring price back to test 110.08 resistance.
For more short term forex analysis and info visit via USDJPY Daily Analysis - October 15, 2014 . Thanks for your support.
No comments:
Post a Comment