USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 110.08 had completed at 105.32 already. Further rally would likely be seen in a couple of days, and next target would be at 109.00 area. Support levels are at 106.10 and 105.32, only break below these levels could trigger another fall to 104.00 zone.
For more short term forex analysis and info visit via USDJPY Daily Analysis - October 20, 2014 . Thanks for your support.
No comments:
Post a Comment