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USD/JPY Daily Technical Forex
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USD/JPY Daily Technical Forex
Tue, Mar 25 2008, 10:55 GMT
by Timothy Straiton
Current level at 11:54 CET is 100.38, trading above the daily pivot point level of 100.37 with hourly Bollinger and standard error bands now flat. After having reached the Fibonacci 76.4 percent retracement level of the 79.78 - 147.62 range at 95.90, the chances are good that a sizeable recovery will unfold and possibly challenge the daily Ichimiko cloud base at 107.02. Daily Bollinger bands are contracting while daily standard error bands are now turning to the upside. Pivot point related resistance levels for today are set at 101.26 and then 101.79. Support levels are at 99.84 and thereafter at 98.94.
Published on Tue, Mar 25 2008, 10:55 GMT
Archive
- USD/JPY Daily Technical Forex
Published On Thu, Jun 19 2008, 09:58 GMT - USD/JPY Daily Technical Forex
Published On Tue, Jun 17 2008, 12:21 GMT - USD/JPY Daily Technical Forex
Published On Thu, Jun 12 2008, 09:09 GMT - USD/JPY Daily Technical Forex
Published On Tue, Jun 10 2008, 06:54 GMT - USD/JPY Daily Technical Forex
Published On Thu, Jun 5 2008, 08:05 GMT
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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.
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