USD/JPY - Dollar Yen, European Session - 29/05/08

By @ibtimes on

104,86. USD JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 105,50. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..

Resistances
105,00 - 105,50
Supports
104,55 - 103,90

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