USD/JPY – American Session – 06/06/08
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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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