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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 20, 2006 at 02:31 GMT

USDJPY is topping at 118.27 on daily chart, further fall towards the bottom of the price channel is possible in the next couple of days. key support is still at 115.57, only break below this level may confirm the cycle top. on the other side, the pair stays in the rising price channel, and it is in up trend, further rise above 118.27 is still possible in the next several days, only break below the key support may signal the reversal to the up trend.

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