Chart of the Week
This report has been deactivated

0

0
USD/JPY
Fri, Dec 14 2007, 17:21 GMT
by Tatsuya Kawanishi
FXstreet.com
Since July the USD/JPY daily chart has shown a gradual downtrend channel within a range of 700 pips. Although the pair got out of the the channel twice in August and in November, it immediately got back into the channel. The pair has climed up since the end of November corresponding to the oil prices and the US fundamental data. The strong bullish momentum is not likely to end soon. The resistance line of the downtrend channel (first line) would be the next target at the 114.00 region.
3 Moving Averages of 13, 21 and 51 EMAs are drawn in blue, red and black respectively.

Published on
Fri, Dec 14 2007, 17:21 GMT
Archive
- USD and JPY are Safe Heavens
Published On Mon, Sep 8 2008, 15:48 GMT
- Unwinding Carry Trades Make The Low Yields Gain
Published On Mon, Sep 1 2008, 10:01 GMT
- USD/JPY
Published On Mon, Aug 11 2008, 12:11 GMT
- Majors
Published On Mon, Jul 7 2008, 09:30 GMT
- Dynamic Support
Published On Mon, Jun 30 2008, 08:43 GMT
[ View All ]
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our
user agreement. Please read our
privacy policy and legal disclaimer.
Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.
Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.
Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
©2009 "FXstreet.com. The Forex Market" All Rights Reserved.