USD To Extend Rise Against The JPY

USDJPY resistance turned support 1hr July 9, 2013The USDJPY pair may extend its uptrend as it finds support at its former resistance at 100.80. As you can see from its chart above, the pair has fallen back to 100.80 after touching a high of 101.50. The pair, though, has bounced back off of the 100.80 marker. If this level does not break then the pair could head back to 101.50. On the other hand, a fall below 100.80 may send it down to 100.40 or even to 100.20. Careful with forex trading!

 

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