USDJPY-11:00 (CET)

19 November 2009 @ 07:42 am EDT

The pair has potential for a new attack to 88.80, given the rise in demand of riskier assets. The pair is now trading at 88.99 yens per dollar. The bands of Bollinger show a volatility of 65 pips in the hour, while the RSI is around the oversold zone.The MACD shows selling signs, right now.

If the trend reverts, the next resistance is found at 89.15 yens per dollar.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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