USD/JPY – Dollar Yen (8th Oct 2008)

99,78. USDJPY currency pair is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. We won’t take a position while the volatility is high.

Resistances 101,10 – 103,10
Supports 99,50 – 98,75

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