search CFD Spy

Advertising





Most Popular


got trading broker knowledge? Why not Submit a rating and review today!
Compare Online Trading brokers

1 Star2 Stars3 Stars4 Stars5 Stars
(Be first to rate!)
Loading ... Loading ...

May 10th, 2012, 3:43 am | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY breaks below 79.63 previous low and reaches as low as 79.43, suggesting that a downtrend from 84.17 has resumed. Further decline could be expected in a couple of days, and next target would be at 79.00 area. Key resistance remains at the upper line of the price channel on 4-hour chart, only a clear break above the channel resistance could signal completion of the downtrend.

usdjpy

Share this article:
  • Mixx
  • Facebook
  • TwitThis
  • Digg
  • Propeller
  • Reddit
  • Technorati
  • del.icio.us
  • StumbleUpon
  • Print this article!
  • E-mail this story to a friend!

About the author

forexcycle Forex Cycle. See more Forex Analysis from forex cycle.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply