USDJPY-10:42 (CET)

23 November 2009 @ 07:25 am EDT

The pair continues with the downwards trend built on October 27th, offering us a fantastic rally of 375 pips, so far. The pair was trading at 88.88 yens per dollar, a few moments ago, with the next resistance found at 89.15, while the support is at 88.70.The bands of Bollinger show low volatility, signal of a possible reaction in the future, while the 14 period RSI is on neutral ground.

The MACD shows selling signs, right now.

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

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