USD/JPY - Dollar Yen, American Session - 27/03/08
99,90. USD JPY is in a range between 98,60 and 100,90. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in 0,9860 / 100,90 range. We won’t take a position. The risk/reward ratio is too high to take a position..
- Resistances
- 100,20 - 100,90
- Supports
- 99,40 - 98,65
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