USDJPY’s bounce extended to 88.11
By ForexCycle.com at 29 July, 2010, 12:00 am
USDJPY’s bounce from 86.26 extended to as high as 88.11 level. Further rise towards the upper boundary of the falling price channel on 4-hour chart is still possible, and next cycle top is nearing. Key support is at 86.80, a break below this level will indicate that a cycle top has been formed at 88.11, then the following downward movement could bring price towards 84.82 (2009 low).
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USD/JPY
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USDJPY’s bounce extended to 88.11: USDJPY’s bounce from 86.26 extended to as high as 88.11 level. Further rise to… http://bit.ly/9LnfKF