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USDJPY - Free Forex Market Analysis

In FREE Forex Market Analysis section, we'll provide forex market traders mid-term technical analysis of major currency pairs. But first of all, you should go to FAQ page to read the expression of the signs and words that appeared on the forex market analysis charts. You may join our yahoo group if you want to receive the update alert immediately after the analysis had been posted. For daily forex analysis, you can subscribe our Short-Term Forex Market Analysis, now you can get it at no charge.

Wednesday, September 13, 2006 at 02:40 GMT

As expected, USDJPY broke above 117.87 previous high resistance. Further move higher to the top of the price channel to reach the next cycle top is possible in the next several days. Key support is now at 115.57, only break below this level may signal the reversal to the up trend.

usdjpy daily chart

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