USD/JPY – Dollar Yen
Short term (Intraday)
Forex USD/JPY
98,35. USD JPY is in an uptrend supported by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The uptrend should continue on 99,00 resistance (65 pips).
We won’t take a position. The risk/reward ratio is too high to take a position.
- Resistances
- 98,50 – 99,00
- Supports
- 97,70 – 96,60
- Long term chart
- USD/JPY – Dollar Yen
http://www.mataf.net/en/forex/usdjpy
updated 24 mars 2009 14:05 GMT
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