USD/JPY - Dollar Yen, American Session - 06/03/09

By @ibtimes on

96,90. USD JPY broke the uptrend to begin a bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a support above 96,60 (30 pips). If the support breaks then the target will be 95,00 (190 pips).

Resistances
97,30 - 97,85
Supports
96,60 - 95,80

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