USD/JPY analysis of the week (4h candlesticks)

By IBTimes Staff Reporter | January 12 2010 4:04 AM

92.43 is broken and we advised to stay neutral in this case. However, the last lowest allow us to draw a bullish channel in which the parity is moving. So, we will now advise to trade only long positions as far as it is the case. The break out of 92.43 will give a new buy signal. However, if an exit of the channel occur, a sell signal will be given and we will advise to trade only short positions towards 91.12. width=450

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