USDJPY has been in a strong downtrend for quite some time now. Area 90.35 - 90.50 is a resistance formed by 50% retracement from 92.52 to 88.22 and by a downward sloping trendline. Buy JPY on pullbacks to 90.40
Monday, September 28, 2009
Few interesting charts...
EURUSD is in a nice downtrending channel with appropriately stacked 10, 20 and 30h ema. It has been forming lower lows and lower highs for about a week now. Situation is very similar when looking at USDCHF. USD strength has been exhibited in form of higher sloping moving averages and up channel. Further USD strength is expected, keep buying USD on pullbacks.
USDJPY has been in a strong downtrend for quite some time now. Area 90.35 - 90.50 is a resistance formed by 50% retracement from 92.52 to 88.22 and by a downward sloping trendline. Buy JPY on pullbacks to 90.40
USDJPY has been in a strong downtrend for quite some time now. Area 90.35 - 90.50 is a resistance formed by 50% retracement from 92.52 to 88.22 and by a downward sloping trendline. Buy JPY on pullbacks to 90.40
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