USD/JPY Daily Technical Forex
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USD/JPY Daily Technical Forex
Thu, Mar 27 2008, 09:16 GMT
by Timothy Straiton
Stoploss.ch | View company's profile
Current level at 10:15 CET is 99.67, trading above the daily pivot point level of 99.38 and unable to challenge the previous low of 95.76. Daily Bollinger bandwidth is contracting rapidly while daily standard error bands have started to rise. We are now almost 13 percent below the 200 day moving average which in itself is provoking a sharp recovery. Pivot point related resistance levels are set at 99.98 and then 199.92. Support levels are at 98.43 and then 97.84.
Published on
Thu, Mar 27 2008, 09:17 GMT
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