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Thread: USD/JPY - Dollar Yen 12/03/2008

  1. #1
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    Default USD/JPY - Dollar Yen 12/03/2008

    Short term (Intraday)
    102,92. USD JPY broke 102,30 support. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 103,50. The uptrend seems to be finished. The trend should reverse. The target is expected at 101,40.
    Resistances
    103,50 - 104,10
    Supports
    102,70 - 102,00

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    Default

    As you notified usd/jpy has gone to its lowest low,hence it is on the oversold line now ,and reverse of trend will see 104,105-110baby

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