USD / JPY Technical Forex Analysis for Forex Traders
USD/JPY - Over the Cliff
Early trading has sent the USD lower and below support at 93.20 and 93.00. These levels will now provide resistance on the upside and a push above is likely to test 94. A rise above 94 (unlikely today) warns of a bear trap.
The breakout lower has a target of 92.20. Further support is in the 91.80 region.
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