USDJPY Weekly Analysis - January 5, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 05 January 2014 05:42 UTC
USDJPY stays within a upward price channel on daily chart, and remains in uptrend from 96.57. Support is located at the lower line of the channel. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 107.00 area. However, a clear break below the channel support will indicate that the upward move from 96.57 is complete, then the following downward movement could bring price back to 95.00 zone.

usdjpy chart

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.


Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.