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

By IBTimes Staff Reporter | March 09 2009 7:31 AM

98,94. USD JPY is in a consolidation after the last bullish movement. USD JPY is in a range between 97,00 and 100,00. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD JPY. The price should continue to move in 97,00 / 100,00 range.

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Resistances: 99,15 - 99,70
Supports: 98,50 - 97,60

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