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Forex Center > News > Technicals

USD/JPY - Dollar Yen, European Session - 14/05/08

14 May, 2008 @ 01:49 am EST

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104,77. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 104,00 / 105,30 range. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances: 104,95 - 105,30
Supports: 104,35 - 104,00

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USD/JPY - Dollar Yen, European Session - 14/05/08

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