| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
USD/JPY Technical Analysis 9 May 2008
USD/JPY 103.06 - 9 May
The downward trend of Japanese Yen against the US Dollar continued and the currency couple reached today 102.80, which is the first support for today. Next support downwards is expected 102.00, followed by 101.30. In upward direction resistance for the USD/JPY is expected at 104.75, followed by 105.60, and 106.40.
Technical resistance levels: 104.75 105.60 106.40
Technical support levels: 102.80 102.00 101.30
Trading range: 103.20 - 102.55
Trend: Downward
Sell at 103.06 SL 103.36 TP 102.66
Already made +50 pips profit on USD/JPY today from the following signal:
6:02 GMT+1 Sell USD/JPY at 103.52 SL 103.78 TP 103.02 TP reached at 8:43 GMT+1.
Total today +170, yesterday +131, as shown at www.zifx.com/performance.php
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