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USD/JPY Daily Technical Forex
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USD/JPY Daily Technical Forex
Tue, May 13 2008, 08:30 GMT
by Timothy Straiton
Current level at 10:28 CET is 103.44, trading below the daily pivot point level of 103.49. Daily Bollinger bands are flat while standard error bands are now poised to the downside. Daily MACD is now below the zero line. The bullish tendency in force over the past 2 months seems to be evaporating and it seems likely that downside potential will be tested. Pivot point related support levels for today are set 102.95 and then 102.04. Resistance levels are at 104.40 and then 104.95. Further levels to watch on the downside are the daily Ichimoku cloud which is marked out within the 100.46 - 102.37 bracket and the lower daily Bollinger band at 102.15.
Published on Tue, May 13 2008, 08:31 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.
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