USDJPY Analysis - February 27, 2010 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Saturday, 27 February 2010 04:06 GMT
USDJPY dropped sharply from 92.14, suggesting that a cycle top has been formed on daily chart. Another fall towards 84.82 previous low is now in favor and a breakdown below 88.57 support will confirm such case.

For long term analysis, USDJPY is forming a cycle top at 93.75 level on weekly chart, key support is at 88.57, a break below this level will confirm the cycle top.

usdjpy daily chart

usdjpy weekly chart
 

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