Dollar Yen (USD/CHF) - 23/01/2008 - Archive

USD/JPY - Dollar Yen

USD/JPY - Dollar Yen

Short term (Intraday)

105,74. USD JPY is in an downtrend directed by 4H exponential moving averages. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a resistance below 106,40. The downtrend should continue to gather momentum. The target is expected at 104,50 (120 pips).

Resistances
106,15 - 107,50
Supports
105,00 - 104,50
updated 23 janv 2008 15:25 GMT +02:00

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