Finotec News Archive - July 01 2009

USD/JPY – Market strategy is bullish, buying from the 96.66 level

Technical oscillators supporting the bullish trend for the USD/JPY currency pair

Tammy Wally
01 July 2009

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USD/JPY-market strategy can be a buy from the level 96.66
Technical oscillators supporting the bullish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish crossover above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bullish direction. Also, MA oscillators indicate a bullish cross on the short MA line.

JPY

Finotec Analysis Team
01 July 2009

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Real Time Forex Quotes

 Contract Bid Ask Time Change
USD/JPY 90.35 90.36 23:02:24 0.00%

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