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Loading ...July 30th, 2010, 1:28 am | By forexcycle | Published in Daily Technical | 
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USDJPY formed a cycle top at 88.11 level on 4-hour chart. Now the fall from 88.11 is treated as resumption of downtrend from 92.88 (Jun 4 high). Further fall towards 84.82 (2009 low) is expected in next several days. Key resistance is at 88.11, only rise above ... Read more
(No Ratings Yet) Loading ...July 29th, 2010, 1:00 am | By forexcycle | Published in Daily Technical | No Comments »
USDJPY’s bounce from 86.26 extended to as high as 88.11 level. Further rise towards the upper boundary of the falling price channel on 4-hour chart is still possible, and next cycle top is nearing. Key support is at 86.80, a break below this level will indicate that ... Read more
(No Ratings Yet) Loading ...July 28th, 2010, 6:28 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF’s bounce from 1.0394 extended to as high as 1.0639 level. Further rally is still possible later today and target is to test 1.0675 key resistance, a break of this level will indicate that the downtrend started from 1.1730 (Jun 1 high) had completed at 1.0394 already, ... Read more
(No Ratings Yet) Loading ...July 27th, 2010, 2:14 am | By forexcycle | Published in Daily Technical | No Comments »
USDCHF trades in a range between 1.0394 and 1.0675. Another rise towards 1.0675 resistance is expected later today. As long as this level holds, the price action in the range is treated as consolidation of downtrend from 1.1730 (Jun 1 high), and another fall to 1.0300 is ... Read more
(No Ratings Yet) Loading ...July 26th, 2010, 1:50 am | By forexcycle | Published in Daily Technical | No Comments »
USDJPY’s bounce from 86.26 extends to as high as 87.71. Further rally to 88.00-88.50 area to reach the next cycle top on 4-hour chart is still possible. Resistance is at the upper boundary of the falling price channel, now at 88.60, as long as the channel resistance ... Read more
