USDJPY Weekly Analysis - August 30, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 30 August 2014 13:49 UTC
USDJPY moved sideways in a range between 100.75 and 105.44. As long as 100.75 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31, 2011 low), one more rise to 110.00 area is still possible after consolidation, and a break of 105.44 resistance will signal resumption of the uptrend. Only break below 100.75 support could could bring price back to 97.00 area.

usdjpy chart

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