Daily Forex Analysis – October 1, 2008

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.

20081001_usdjpy_1

For long term forex analysis.

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