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USDJPY pulled back from 90.91

Franco Shao from ForexCycle.com at 02/01/10


After touching the falling trend line from 93.75 to 91.87, USDJPY pulled back from 90.91. One more fall towards 88.50 area is still possible in a couple of days. Key resistance is now at 90.91, only a break above this level will indicate that the fall from 93.75 has completed at 89.13 already, then the following uptrend could take price back to re-test 93.75 previous high resistance.

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