USDJPY-14:00 (CET)

19 November 2009 @ 08:41 am EDT

The pair is rebounding on the support at 88.80, trading at 88.88. If it breaks that support, the perspectives for an attack to 88.20 are clear. However, if there's a rebound, traders will focus on the resistance at 89.03 yens per dollar.The bands of Bollinger show a volatility of 145 pips in the hour, while the RSI is clearly oversold. The Stochastic shows selling signs, right now.

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

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