Global Time   New York 11:47 am  London 4:47 pm  Zurich 5:47 pm  Dubai 7:47 pm  Shanghai 11:47 pm  Tokyo 12:47 am  
Global Interest Rates
Australia 7.25%
Canada 3.5%
EMU 4%
Japan 0.5%
Swiss 2.75%
England 5%
US 2.25%
Forex News
Subscribe Now
Advertisements

Technicals

USDJPY is forming a cycle bottom at 102.58

Font Scale:
13 May 2008 @ 08:50 pm EST
  • Print
  • E-Mail

USDJPY is forming a cycle bottom at 102.58 on daily chart. The rise from 102.58 is treated as resumption of the up trend. Further rise towards 108.00 to reach the next cycle top is expected. Initial support is low located at 102.58, only break below this level will indicate lengthier correction to the up trend.

For long term analysis, USDJPY broke below the long term support at 101.65 (Jan 2005 low). Further fall to 90.00 area to reach the next cycle bottom on weekly chart is in favor.

More FROM Forex Cycle
Currencies
arr_blue
09/05/2008
Last
Change
%change
Time
advertisement

Brand New Nokia N79..$400,HTC S740..$320,Blackberry bold 9000..$300

[B]BONANAZA...BONANZA...BONANZA....BONANZA....BONANZA BUY 10 UNIT OF OUR PRODUCT AND GET 3 FREE. COMPANY NAME:ANDY BEST MOBILE ELECTRONICS Registe... Netlog

Trichet Expected to Remain Hawkish as Traders Await ECB Rate Decision

The EUR USD closed lower in New York but a late session short-covering rally helped the market regain much of its earlier loss. Traders attributed the... nythomas1

Rpchost.com - Free Forex strategies and video training

Every period of time I will post new forex strategy in this forum, you can test it and use it in your forex trading. Today's strategy is : Bollinger... rpchost

Advertisement
Corporate Website Design

Professional Website Design For Corporate - Get a Free Quote Today

Traditional Men’s Clothing

Since 1898 we’ve outfitted the worlds best dressed men. Woven silk ties, custom tailored shirts & more.

 
IBTimes.com Web
Partners
International Business Times© 2008 The Ibtimes Company. All Rights Reserved. Terms of service | Privacy Policy | Advertising | About Us | Contact Us | Archives