FX Technical Strategies
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FX Technical Strategies
Tue, Jan 13 2009, 18:16 GMT
by Lea Peters
FXUniversity
USD /JPY : currently @ 89.25
Short term : bearish .
Medium term : bearish
Long term : bearish
Technicals : we have been booking big profits shorting intraday. So far, the bias remains bearish , with the next downside target @ 88.10, and a possible retest of 87.15 to follow.
The bulls will come to town only on the return back to 90.22 with the first upside level to be targeted @ 91.75
For the more in-depth daily analysis, go to www.fxuniversity.org
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Tue, Jan 13 2009, 18:19 GMT
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