USDJPY Daily Analysis of 26 August 2010
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USDJPY is performing a bottom level in 4 hour chart at 83.62, it could be moving a better more in some of the days to 85.50 . Support is there at 83.62 if the level will break this point then it is expected to move down towards 83.00
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USDJPY Daily Analysis of 27 August 2010
USDJPY Analysis.
USDJPY is forming a cycle bottom at 83.62 level on 4-hour chart. Key resistance is now at 84.88, a break above this level will conform the cycle bottom, then further rally could be seen to 85.50 area. Support is at 83.62, only break below this level could trigger another fall to 83.00 zone.
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