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
This entry was posted on Thursday, March 27th, 2008 at 6:52 and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
Leave a Reply
Forex News
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Dollar was under pressure after disappointing housing sector news
- Forex - Dollar rallied on Wednesday supported by drop in Oil prices and improved confidence in financial sector
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- GFT Daily Market Commentary
- Forex - Forex market believe the worst of the problems in the US financial system are not yet over
- Forex - Dollar ended last week higher after smaller-than-expected loss from Citigroup
- GFT Daily Market Commentary