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Technicals

USD/JPY - Dollar Yen, European Session - 09/07/08

08 Jul, 2008 @ 10:33 pm EST
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107,10. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. Oscillators are neutral. The price should continue to move in 106,40 / 107,75 range. We won't take a position.
Resistances
107,50 - 107,75
Supports
106,85 - 106,40

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