USD/JPY - Short-Term Break

The range that developed over the las two days was broken in early trading today. The pair brroke below 93.75 and is moving towards support at 93.40. A move below indicates targets of 93.20 and 93.00.

A push back above 93.80 indicates the break was false and swing highs will likely be retested in the 94.40-94.60 region. 94.20 also provides resistance.

Forex Analysis by Cory Mitchell at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check Forexpros. com