Home  Long Term Forex Analysis USDJPY Analysis - Jul 30, 2008
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USDJPY Analysis - Jul 30, 2008 |
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Written by ForexCycle.com
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Tuesday, 29 July 2008 |
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USDJPY's up trend from 103.76 extends to as high as 108.29. Further rise towards 112.00 is expected to follow in a couple of week. Key support is now located at 103.76, only fall below this level will signal resumption of down trend.
For long term analysis, USDJPY is in consolidation to long term up trend. Further rise towards 120.00 is now in favor. However, a break of 108.58 level is needed to confirm such case.
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