USDJPY Analysis.
USDJPY breaks below 103.54 and rebounds sharply from 103.49. A short term cycle bottom has been formed, and further rally towards 108.00 is possible in a couple of days, however a break of 107.01 previous high resistance is needed to confirm such case.

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This entry was posted on Wednesday, October 1st, 2008 at 03:13 and is filed under Short Term Analysis. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.