Technical Analysis USDJPY H4 9:29, Tuesday 07-10-2014 At the - TopicsExpress

Technical Analysis USDJPY H4 9:29, Tuesday 07-10-2014 At the H4 chart we can see that trading USDJPY again reached the uptrend line forming rushing ABC correction. It is possible that with this level reaches the next pulse growth, which will supply the quotation to the area in the vicinity of 110 current strengthening of the yen is temporary and in the coming days, we should return to the upward movement. The first objective of the demand will be around 109.36 where the local resistance in the form of a peak of 19 September.

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