USDJPY Weekly Analysis - March 9, 2014

Long Term Forex Analysis | by ForexCycle.com | Sunday, 09 March 2014 07:37 UTC
USDJPY moved sideways in a range between 100.75 and 105.44. Support is at 100.75, a breakdown below this level will confirm that the uptrend from 96.57 had completed, then the following downward movement could bring price to 95.00 zone. However, as long as 100.75 support holds, the fall from 105.44 could possibly be consolidation of the uptrend from 96.57, one more rise towards 110.00 is still possible after the sideways movement.

usdjpy chart

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