USD/JPY - Dollar Yen, American Session - 12/05/09

  @ibtimes on

97,08. USD JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The price should find a resistance below 97,85 (77 pips). The downtrend should continue to gather momentum.

Resistances
97,85 - 98,50
Supports
97,00 - 96,40

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