USD/JPY 90.98 - 20/01/2010

2010-01-21 09:00 | View:

USD / JPY 91.05 Low 90.35 Open 91.17 Close 91.13 highest
Decline in dollar / yen Tuesday blocked the 90.35 support for the currency couple bounce up from there, and climbed to the level of 91.25 to close at 91.13 a day. Achieve a higher ranking in the top, 91.35 am, the U.S. dollar against the yen began to weaken. The best situation is that we are now down to the bottom of yesterday's 90.35. Bellows will be a convincing break the 1 hour chart appears to confirm the channel down to 89.50 the next goal to achieve continuity. Recent resistance above 91.35 today. Exceed this level and go out, may cause the bull to rise further, thereby adding to the medium-term bullish channel the currency pair, as observed in 3-hour chart. This trend, in the short term, however, is expected to remain downward a pair. Quotes are still bellows 20 and 50 mA, which allows us down trading signals. In the CCI and MACD indicators are negative trend downward, indicating that short pressure.
Technical resistance levels: 91.35 92.10 92.93
Technical support levels: 90.35 89.50 88.62

Trading Range: 91.10 - 90.45
Trend: Down
Soluble 91.28 Po 90.58 sale 90.98

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