USD/JPY – Market strategy is bearish, selling from the 96.02 level
Technical oscillators supporting the bearish trend for the USD/JPY currency pairTammy Wally
03 July 2009
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USD/JPY-market strategy can be a sell form the level 96.02
Technical oscillators supporting the bearish trend for the currency pair
To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD in a bearish direction above the zero line. In order to find the power of the market, we use RSI (Relative Strength Index).With RSI; we can determine that the market is in a bearish direction.
Finotec Analysis Team
03 July 2009
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Real Time Forex Quotes
| Contract | Bid | Ask | Time | Change |
|---|---|---|---|---|
| USD/JPY | 96.02 | 96.06 | 20:59:40 | 0.00% |