Finotec News Archive - September 05 2007
USD/JPY
Technical Analysis USD/JPYWe very briefly went long on the breakout beyond the 21-day MA at 116.35, our upside pivot point, but the immediate failure to follow-through prompted us to exit the trade near the entry. With the congestion count up to 9 days and ADX the lowest it has been this year, the market is primed for a breakout. Buy dips.

Finotec Analysis Team
05 September 2007
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Today's Economic Events
Time ![]() |
Event |
Currency
|
Period | Previous | Forecast |
Significance
|
Actual | |
|---|---|---|---|---|---|---|---|---|
| 14:00 | Pending Home Sales m/m | USD | Jul | 5.0% | -2.0% | |||
| 12:15 | ADP Nonfarm Employment Change | USD | Aug | 48K | 82K | |||
Real Time Forex Quotes
| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| USD/JPY | 108.74 | 108.77 | 17:53:12 | -0.01% |

















