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Loading ...September 22nd, 2008, 7:36 am | By forexcycle | Published in Weekly Technical | 
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USDJPY broke above 106.71 key resistance and formed a short term cycle bottom at 103.54 level on 4-hour chart. Further rise is possible to 109.00 zone in a couple of days. Pullback would more likely be seen before breaking above 110.66 (Aug 15 high) resistance, and sideways consolidation in a range between 103.54 and 110.66 is now in favor in a couple of weeks.
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