USD/JPY Sideways Swings.

The USD is rising after finding support from the 94.40-94.60 range.

On longer term charts the pair is moving sideways within a range. A break of that range is unlikely today, but would be confirmed by a close below 93.55. Until that occurs the market may see similar swings to what we have seen over the last couple weeks.

A move above 95.50 would target 96.30 and beyond 96.60-96.70.

A break past the recent low of 94.65 would test 94.30 and beyond that the support area at 93.80.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros. com