Finotec News Archive - September 07 2007

USD/JPY Daily Technical Reports

Fail to break resistance level 115.55 will be strong sell signal

Rodian Rahnayev
07 September 2007

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USD/JPY 7.9.2007

Prices were wedged today between the downtrend from the Aug 9 high, now support at 114.70, and the uptrend from the Aug 17 trough, now resistance at 115.55 and today"s high. Slight bearish bias seen on the daily studies, but recent price action has featured stop-running and reversal tactics, so tight stops are needed on breakout trades.

Finotec Analysis Team
07 September 2007

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Today's Economic Events





Time Event Currency Period Previous Forecast Significance Actual
14:00Wholesale Inventories m/mUSDJul0.5%0.5%2information
12:30Nonfarm Employment ChangeUSDAug92K110K3information
12:30Unemployment RateUSDAug4.6%4.6%3information
12:30Average Hourly Earnings m/mUSDAug0.3%0.3%3information
05:00Leading Index m/mJPYJul72.770.02information

Real Time Forex Quotes

 Contract Bid Ask Time Change
USD/JPY 109.76 109.79 20:05:07 0.00%

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