USDJPY – Analysis and Forex Trading Signals – 23 May 2014

USDJPY – Analysis and Forex Trading Signals – 23 May 2014

Analysis:

After making a false break out to test 100.83 on 21 May, USDJPY has reversed strongly during US trading session as well as yesterday.

USDJPY is expected to continue to move higher and next target will be 102.35 with the potential for a larger bullish run to re-test 103.00 if the fundamental support.

We can look for buy signals to joint the bullish trend if USDJPY retrace to support level.

Screenshot 2014-05-23 14.10.17

Forex Trading Signals:

Resistant zone:

-102.300

-103.00

-104.00

Support zone:

-101.600

– 101.200

– 100.800

Forex Signals 247.

 

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