| 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 12 May 2008
USD/JPY 103.88 - 12 May
The Japanese Yen overcame the key level 103.70 upwards against the US Dollar, which is 61.7% Fibonacci correction of the descent 108.50 - 95.90. The first support for today is expected at today's bottom 102.60. Next support downwards is expected at 101.70, followed by 101.00. In upward direction resistance for the USD/JPY is expected at 103.95, followed by 104.60, and 105.50.
Technical resistance levels: 103.95 104.60 105.50
Technical support levels: 102.60 101.70 101.00
Trading range: 104.00 - 103.35
Trend: Downward
Sell at 103.88 SL 104.18 TP 103.48
Already made +50 pips profit on USD/JPY today from the following signal:
6:17 GMT+1 Buy USD/JPY at 103.25 SL 102.99 TP 103.75 TP reached at 8:16 GMT+1.
Total today +206, on Friday +177, as shown at www.zifx.com/performance.php
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In this topic we are going to review the financial forecast on forex market.
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Rpchost.com - Forex Trading Technical Analysis
Rpchost.com 2008/7/8 - 1:00 AM EST
At 4:30 we have DCLG HPI y/y report release and at 8:00 we have Fed Chairman Bernanke Speaks, these reports w... rpchost
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