| 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 16 May 2008
USD/JPY 104.84 - 16 May
The US Dollar descended sharply against the Japanese Yen, reaching 104.15, which is the first support for the currency couple today, than rose up to 108.85. Next support further down is expected at 103.45, followed by 102.60. In upward direction first resistance for today is expected at yerterday's mid day top 105.15. Next resistance upwards is expected at 103.45, followed by 102.60.
Technical resistance levels: 105.15 106.00 106.70
Technical support levels: 104.15 103.45 102.60
Trading range: 104.95 - 104.30
Trend: Downward
Sell at 104.84 SL 105.14 TP 104.44
Already made +39 pips profit on USD/JPY today from the following signal:
8:02 GMT+1 Buy USD/JPY at 104.31 SL 104.05 TP 104.81 exited at 10:15 GMT+1.
Total today +118, yesterday +187, as shown at www.zifx.com/performance.php
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- USD/JPY Technical Analysis 23 July 2008 Jul 23, 2008 7:11AM
- USD/JPY Technical Analysis 23 July 2008 Jul 23, 2008 7:11AM
In this topic we are going to review the financial forecast on forex market.
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