USD/JPY - Dollar Yen, European Session - 19/11/08

19 November 2008 @ 12:18 am EDT

96,71. There is an horizontal range between 96,15 and 97,20. Support and resistance are given by Bollinger bands. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should continue to move in Bollinger bands. We won't take a position.
Resistances
97,40 - 96,40
Supports
96,15 - 94,50

For more forex information, go to www.mataf.net

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