USDJPY Analysis - March 13, 2010 Bookmark and Share
Forex Market Analysis  |  Written by ForexCycle.com |  Saturday, 13 March 2010 12:23 GMT
USDJPY consolidates in a range between 88.14 and 92.14. Further rise to test 92.14 resistance is expected next week. As long as this level holds, one more fall towards 84.82 previous low is still possible. However, above 92.14 could indicate that the fall from 93.75 has completed at 88.14 already.

For long term analysis, USDJPY formed a cycle top at 93.75 level on weekly chart. Fall towards 84.82 previous low is expected.

usdjpy daily chart
 

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