Technical oscillators support the bearish trend for the currency pair
USD/JPY – Market Strategy can be a sell at the level 105.03Joana Fonseca
16 May 2008
USD/JPY – Market Strategy can be a sell at the level 105.03
Technical oscillators support the bearish trend for the currency pair
To support our technical analysis we will use oscillators such as MACD (Moving Average Convergence Divergence); we see that the buying pressure is still losing all traction; also we notice the signal line crossed the long EMA line down and both are in a downward trend, pointing to cross the zero line down, which may represent a selling signal. RSI gives us the power of the market; the line is in a bearish direction. Prices touched the up Bollinger band, which may reveal an overbought.

Finotec Analysis Team
16 May 2008
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Read the latest USD/JPY Analysis Reports:
Technical oscillators supporting the bullish trend for the USD/JPY currency...USD/JPY – Market strategy is bullish, buying till the 105.04 level
Technical oscillators supporting the bullish trend for the USD/JPY currency...USD/JPY – Market strategy is bullish, buying till the 105.04 level
Technical oscillators supporting the bullish trend for the USD/JPY currency...USD/JPY – Market strategy is bullish, buying till the 106.04 level
Real Time Forex Quotes
| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| USD/JPY | 105.26 | 105.29 | 11:25:34 | -0.00% |
















