| Forex Signals 13.08.2007 |
Headlines: Japanese Yen still expecting for good data
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Long signal |
Short signal |
| USD/JPY |
Buy a break of resistance level at 118.85
Buy a break of resistance level at 120.00
Buy a bounce at 117.20 |
Sell a break of support level at 118.05
Sell a break of support level at 117.20
Sell if cannot break the resistance 120.00 |
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The US dollar may come back up against the Japanese Yen; according to technical charts traders predict the price movements by using many time frame analysis, and oscillators like RSI, which gives us bullish signals. The daily chart shows that the USD/JPY recently bounce and fail to make lower then the previous support 117.67
* The following analysis is for information only; Finotec is not responsible for any
decisions or misinterpretations based on the given text. |
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Trends:
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Primary Tendency
The primary tendency continues the bullish trend which started from 17 May 2006
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Secondry Tendency
The pair reached 124.18
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Minor Tendency
The Minor trend is in an downtrend
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Technical levels:
Resistance:
120.00
118.85
Support:
118.05
117.20
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