Friday, February 4, 2011

Forex news USD/JPY:Short-term uncertainty in the currency pair

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 81.90, 82.10, 82.30 and 82.50.
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 does not currently provide a clear signal as the% K line crossed with a line of% D.
Because, trust only one clear signal is very risky, the most correct decision now - to stay out of the forex market and wait for the completion of consolidation in the above mentioned price range.
Resistance levels: 81.80/90, 82.10, 82.30, 82.50, 82.80
Current price: 81.59
Support levels: 81.50, 81.30, 80.90, 80.60, 80.25, 80.00

Translate this page

Search This Blog