USD/JPY today's technical outlook

FEUA

Master Trader
May 12, 2009
36
0
62
forexltd.co.uk
Hallo!
There are some changes in the situation concerning USD/JPY. We hope that our information will be useful for you!
The pre-planned long positions were implemented with the overlap of minimum estimated target. OsMA trend indicator marked bearish activity rise. On the assumption of it as well as of the absence of close support levels and of descending direction of indicator chart we can suppose further development of short positions priority. In this case it is necessary to pay attention to false break-outs and to the possibility of rate return to the channel borders, therefore you shouldn’t forget about the signals of shorter intervals. As for sales, the targets will be 94,00/10 and (or) further variant up to 93,30/50, 92,20/40. As for buying positions, the targets will be 94,70/90 and (or) further variant up to 95,20/40, 95,80, 96,40.

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Sofia

Master Trader
Jun 20, 2009
112
2
47
By looking at the charts, I think USD/JPY market strategy can be a sell form the level 95.52