Forex Cycle Analysis

[sdotwewen]

USDJPY is in down trend, further fall towards 119.50 to reach the next cycle bottom on 4 hours chart can be expected in a couple of days. Near term resistance is at the down trend line and followed by 121.34, only break above the trend line resistance may signal the reversal to the down trend.
http://blog.forexcycle.com/417/short...bruary-7-2007/

[sdotwewen]

USDJPY is bottoming on 4 hours chart and is testing the down trend line resistance, a break and close above the trend line will confirm the cycle bottom. Near term resistance is at the down trend line and followed by 121.34. Near term support is at 119.94, only break below 119.94 may signal the resumption of the down trend.

[sdotwewen]

The down trend line from 122.17 to 121.34 is broken above, USDJPY bottomed at 119.94 on 4 hours chart, and the correction from 122.17 ended at 119.94. Further rise towards 122.00 is possible in the next several days. Near term support is at 120.55, and followed by 119.94, only break below 119.94 will signal the resumption of the down trend.

[mosad2]

All traders now are HOPING that usd/jpy will drop on expectations that the G7 will send the pair down!
maybe they will do, but I think it's alittle bit early to act!
if the pair breaks 121.45, the down move scenario is negated for further notice!

[sdotwewen]

USDJPY is testing the previous high resistance at 122.17, slightly break above this level to reach the next cycle top on 4 hours chart is still possible later today. Near term support is at the up trend line, now at 121.37, and key support is at 120.97, a break below this level will confirm the cycle top.
http://blog.forexcycle.com/420/short...ruary-12-2007/

[sdotwewen]

USDJPY fall below the up trend line support and is topping at 122.05 on 4 hours chart, key support is at 120.97, a break below this level will confirm the cycle top, and further fall towards 119.94 previous low can be expected.

[sdotwewen]

USDJPY broke below the up trend line support and has topped at 122.05, more sharply fall towards 119.94 previous low can be expected in the next several days. Near term resistance is at 122.05, only break above this level may signal the resumption of the up trend.

[sdotwewen]

USDJPY fall below 119.94 and reach 119.78 so far, further fall towards 119.50 is still possible later today. Near term resistance is at 120.90, only break above this level may signal the reversal to the current trend.
http://blog.forexcycle.com/423/short...ruary-15-2007/