Thursday, February 3, 2011

Forex news USD / JPY:Currency sluggishly adjusted second day

Exchange rate still lies below the moving averages with periods of 34, 55, 89 and 144, which are directed downward and points to the continued bearish sentiment, as well as the next resistance levels are 82.00, 82.20, 82.35 and 82.45.
MACD histogram is located in the negative zone, but above its signal line, continues to gradually rise, and thus sends a signal to buy USD / JPY.
Stochastic Oscillator is in the neutral zone and generates a similar signal as the% K line rises above the% D.
Therefore, we expect that the upward movement will continue correcting and its potential targets are located at 81.90 and 82.25.
Resistance levels: 81.75, 81.90/82.00, 82.20, 82.35/45
Current price: 81.64
Support levels: 81.50, 81.30, 80.90, 80.60, 80.25, 80.00

Translate this page

Search This Blog