Tuesday, April 8, 2008

USD/JPY - Dollar Yen
Short term (Intraday)
102,33. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should continue to move in 101,70 / 103,00 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
102,90 - 103,10
Supports
102,20 - 101,70
Long term chart
USD/JPY - Dollar Yen

updated 09 avr 2008 05:52 GMT


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