Monday, March 31, 2008

USD/JPY - Dollar Yen
Short term (Intraday)
99,94. USD JPY is in a range between 99,10 and 100,20. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
100,20 - 100,70
Supports
99,65 - 99,10
Long term chart
USD/JPY - Dollar Yen

updated 01 avr 2008 05:51 GMT


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