Forex trading signals and analysis for USDJPY – 1 Oct 2014

Forex trading signals and analysis for USDJPY – 1 Oct 2014

Analysis:

US dollar continued to move up steadily, even bad Consumer spending data only push USDJPY retraced less than 40 pips. The bullish momentum of US dollar remain high and traders bough on any dips. Therefore, it will not be surprise if price continue to move up.

We can see a strong rejection  around 109.2 – 109.5, and this will be a great zone to buy USDJPY today.

USDJPYH1 - 1 Oct 2014

Forex Trading Signals:

We will on any retracement down to 109.2 – 109.5 to go in line with the up trend.

Resistant zone:

– 110.600

Support zone:

-109.2 – 109.5

-108.6

ForexSignals247.

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