By
Franco Shao |
Technical Analysis | Oct 06, 2011 04:01AM GMT |
USDJPY is facing the support of the uptrend line on 4-hour chart, as long as the trend line support holds, the fall from 77.25 is treated as consolidation of uptrend, one more rise towards 77.85 is still possible. However, a clear break below the trend line will indicate that a cycle top has been formed at 77.25, and the rise from 76.09 has completed, then deeper decline towards 75.96 key support could be seen.

usdjpy
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