| Forex Signals 18.06.2007 |
Headlines: Stable Interest rate 0.5% lowers Yen against the dollar!!!
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Long signal |
Short signal |
| USD/JPY |
Buy a break of resistance level at 124.05
Buy a break of resistance level at 123.65
Buy a bounce at 123.35
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Sell a break of support level at 123.35
Sell a break of support level at 122.85
Sell if cannot break the resistance 123.65
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The US dollar may continue the uptrend against the Yen; according to technical charts some traders predict the price movements by using many time frame analysis, and oscillators like RSI, ROC, Stochastic and many more. The daily chart shows that the USD/JPY recently in an uptrend with a strong momentum in the market. The next target for the USD/JPY might be 124.08. |
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Trends:
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Primary Tendency
The primary tendency remains bullish, started from 17 May 2006
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Secondry Tendency
The pair continues the up trend and reached 123.67
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Minor Tendency
The Minor trend is in an uptrend
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Technical levels:
Resistance:
124.05
123.65
Support:
123.35
122.85
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