USDJPY remains in uptrend from 105.32, the fall from 118.97 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on 4-hour chart, as long as the channel support holds, the uptrend could be expected to continue, and next target would be at 120.00 area. However, a clear break below the channel support will indicate that lengthier consolidation of the uptrend is underway, then deeper decline to test 115.45 support could be seen.
For more short term forex analysis and info visit via USDJPY Daily Analysis - November 24, 2014 . Thanks for your support.
No comments:
Post a Comment