MDunleavy Posted December 29, 2012 Author Report Share Posted December 29, 2012 —USDJPY Analysis - December 29, 2012 —USDJPY's upward movement from 77.14 extends to as high as 86.63. —Further rise could be expected after consolidation, and next target would be at 88.00 area. —Support is at 85.50 followed by 84.50, as long as these levels hold, the uptrend will continue. —For long term analysis, USDJPY had formed a cycle bottom at 77.14 on weekly chart. —Further rise to 90.00 area is possible over the next several weeks. [ Written by ForexCycle] ~~~> Click to learn more! See also ~~~> http://goo.gl/lZCUV ^^^ OR vvv ~~~> http://goo.gl/j3V7n A d d i t i o n a l l y ||BJF Trading Group||Expert Advisor||MT Indicator||Forex Software||MQL4 Coding|| Link to comment Share on other sites More sharing options...
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