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Archive for August, 2008

Daily Forex Analysis – August 1, 2008

Friday, August 1st, 2008

USDJPY Analysis.
USDJPY’s up trend from 103.76 extends further to 108.37 level. As long as 106.57 support holds, we’d expect up trend to continue and rise above 108.58 (June 16 high) is still in favor. Only break down below 106.57 level will indicated that the uptrend from 103.76 has completed.

Posted in Short Term Analysis | 1 Comment »

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