USDJPY Analysis – April 1, 2012
USDJPY formed a cycle top at 84.17 on daily chart, and is now in correction of the uptrend from 76.02. Pullback to 80.00-81.00 area to complete the correction would likely be seen in a couple of weeks....
Month: April 2012
AUDUSD Analysis – April 1, 2012
AUDUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.0855, and the fall has extended to as low as 1.0304. As long as the trend line resistance holds, downtrend could be...
GBPUSD Analysis – April 1, 2012
GBPUSD broke above 1.5991 resistance, and reached as high as 1.6038, suggesting that the uptrend from 1.5236 has resumed. Further rise could be expected next week, and next target would be at 1.6200-1.6300 area. Support is at...
EURUSD Analysis – April 1, 2012
EURUSD’s rise from 1.3003 extended to as high as 1.3385. Further rise to test 1.3486 resistance would likely be seen next week, as long as this level holds, the rise could be treated as correction of the...