USD/JPY - Dollar Yen, European Session - 27/03/08
99,93. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 99,50. The consolidation should continue. If the support is broken then the target will be 97,00.
- Resistances
- 99,50 - 100,00
- Supports
- 98,50 - 97,90
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