Dollar Yen (USD/CHF) - 12/03/2008 - Archive

USD/JPY - Dollar Yen

USD/JPY - Dollar Yen

Short term (Intraday)

101,27. USD JPY broke 101,50 support. USD JPY is in an downtrend directed by 4H exponential moving averages. The volatility is high. 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 downtrend should continue to gather momentum. The target is expected at 100,00. The price should find a support above 100,50.

Resistances
101,50 - 102,30
Supports
101,00 - 100,50
updated 12 mars 2008 22:19 GMT +02:00

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