Forex_FNL2
Brokers
JPY (Yen) Forex Technical Analysis - 070309
Rate This Article:
0
ABOUT THE AUTHOR

JPY

The pre-planned break-out variant for sales has been implemented, and achievement of anticipated targets is supported by bearish activity development, shown by OsMA trend indicator at break of key support range levels. At this point considering upside indicator trend, we can assume probability of rate correction period with key border resistance levels of 96,20/40, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 95,60/80 and (or) further break-out variant up to 95,00/20, 94,40/60, 93,80/94,00. The alternative for buyers will be above 96,80 with targets of 97,20/40, 97,80/98,00, 98,40/60.

Post A Comment
* Indicates required information
Comment Title:
* Comments:
Nickname:
* Validation:
Comments 0 comments for this article
Newsletters
Register to receive the latest expert analysis, news and education:
Email:
Latest Blogs
Michael J. Panzner
I've highlighted news and other reports indicating that conditions on Main Street are far worse than your average Wall Streeter believes they are. Interestingly...
[Read More]
Michael J. Panzner
The "Money" section of USA Today has a cover story by Adam Shell, "Could Investors Fleeing Stocks Become a Lost Generation?" featuring insights...
[Read More]
Michael J. Panzner
In honor of today's single-positive-data-point-driven-triple-digit rally, I thought it would be a perfect time for another installment of "Scenes from...
[Read More]
Michael J. Panzner
Yes, I'm sure it reflects confirmation bias on my part, but it's hard to ignore Howard Davidowitz's thoughts on the state of the economy given that...
[Read More]
Michael J. Panzner
According to USA Today, "Government anti-poverty programs that have grown to meet the needs of recession victims now serve a record one in six Americans...
[Read More]