Dollar Yen (USD/CHF) - 15/12/2005 - Archive

USD/JPY - Dollar Yen

USD/JPY - Dollar Yen

Short term (Intraday)

117,26. USD JPY broke 118,50 support. USD JPY broke the uptrend to begin a bearish movement. The volatility is high. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The downtrend should continue on 116,00 support.
=> We could take a short position at 117,30. We will put the stop loss above 117,70 (-40 pips). The targets are 116,30 (+100 pips) 116,00 (+130 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.

Resistances
117,45 - 117,70 - 118,35
Supports
117,15 - 116,70
updated 15 déc 2005 06:33 GMT +02:00

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