USDJPY Weekly Analysis - June 28, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 28 June 2014 13:56 UTC
USDJPY is facing 100.82 support again, a breakdown below this level will indicate that the uptrend from 93.79 (Jun 13, 2013 low) had completed at 105.44 already, then next target would be at 96.50 area. On the upside, as long as 100.75 support holds, the price action from 105.44 could be treated as consolidation of the uptrend, one more rise towards 110.00 is still possible after consolidation.

usdjpy chart

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