USD/JPY - Dollar Yen, American Session - 31/03/08
99,53. There is an horizontal range between 99,00 and 100,00. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. If the support is broken then the target will be 97,00.
- Resistances
- 100,00 - 100,90
- Supports
- 99,10 - 98,70
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