USDJPY Weekly Analysis - September 27, 2014

Long Term Forex Analysis | by ForexCycle.com | Saturday, 27 September 2014 10:35 UTC
USDJPY remains in uptrend from 101.06, and the rise extended to as high as 109.53. Support is now located at the bottom of the price channel on daily chart. As long as the channel support holds, the uptrend could be expected to continue, and next target would be at 115.00 area. Only a clear break below the channel support will indicate that correction of the uptrend is underway, then deeper decline to 106.50 area could be seen.

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.