USD/JPY - Dollar Yen, American Session - 26/03/08
99,19. USD JPY broke 99,70 support. USD JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 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 97,00.
- Resistances
- 99,70 - 100,25
- Supports
- 98,85 - 98,50
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