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USD/JPY - Dollar Yen

USD/JPY - Dollar Yen

Short term (Intraday)

103,15. USD JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The downtrend should continue to gather momentum. The target is expected at 101,50 (160 pips). The price should find a support above 102,75.

Resistances
103,60 - 104,15
Supports
102,90 - 102,75
updated 03 mars 2008 05:56 GMT +02:00

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