Friday, January 9, 2009

USDJPY


The Dollar/Yen 's trend is obviously down, however it managed to break an intermediate down trend and failed to break at the longer term down trend. It is now found testing the prior resistance of the intermediate down which may now act as support. A reversal from this point will signal a bullish move back towards the $93.00 levels. A break above $95.00 would suffice a larger bullish move for the pair.

No comments:

Post a Comment