USD/JPY - Dollar Yen
Short term (Intraday)
102,58. USD JPY is in an uptrend supported by 1H exponential moving averages. USD JPY is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should find a resistance below 103,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
102,70 - 103,00
Supports
102,15 - 101,50
Long term chart
USD/JPY - Dollar Yen

updated 04 avr 2008 06:06 GMT


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