06.09.08

USD/JPY - American Session - 06/06/08

Posted in Currency, Forex, Forex Calendar, Forex Income, Forex Indicator, Forex Info, Forex News, Forex Signal at 4:16 am by yeop

106,26. USD/JPY currency pair is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD/JPY. The consolidation should continue. The price should continue to move in 105,50 / 106,30 range. If the resistance is broken then the target will be 108,00.

Resistances 106,30 - 106,50
Supports 105,60 - 105,00

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