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October 21st, 2008, 3:43 pm | By forexcycle | Published in Daily Technical | Comments on this postNo Comments »

USDJPY is forming a sideways correction in a range between 97.91 and 103.06. One more rise above 103.06 to reach next cycle top on daily chart is still in favor. Key support is located at 99.27, only fall below this level will indicate that the consolidation from 97.91 has completed, and then further fall to test 95.77 (Mar 17 low) support could be seen.

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

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