The Fusion Media Network: |
 |
Welcome,
Guest!
- BROKERS
Main Directory Promotions Interviews Compare Demo Accounts Live Accounts - SOFTWARE
Main Charts Signals Trading Platforms - FUND MANAGERS
Main - EDUCATION
Main - MEMBERSHIP
Technical
Central Banks
Forex Brokers
iFOREX.bg USD/JPY Technical Analysis 29 August 2008
By: iForex.bg - 29-08-2008
0votesUSD/JPY 108.65 - 29 August
USD/JPY Open 110.07 High 109.69 Low 108.46 Close 109.50
The US Dollar started descending insignificantly yesterday against the Japanese Yen from Thursday's top 109.69 to today's bottom 108.46, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support further down is expected at 107.85, the break of which would open potential drop towards 107.10. In upward direction next resistance further up is expected at 110.50, followed by 111.25.
Technical resistance levels: 109.70 110.50 111.25
Technical support levels: 108.45 107.85 107.10
Trading range: 108.55 - 109.15
Trend: Upward
Buy at 108.65 SL 108.35 TP 109.05
Already made +22 pips profit on USD/JPY today from the following signal:
6:02 GMT+1 Buy USD/JPY at 109.00 SL 108.74 TP 109.50 exited at 7:58 GMT+1.
Total today +140, yesterday +124, as shown in details at our web site.
Next Analysis: iFOREX.bg EUR/USD Technical Analysis 1 September 2008Content Provided by:
iForex.bg
iFOREX.bg - Forex Daily and Evening forecasts, direct real time signal recommendations for entry and exit trading positions for EUR/USD, USD/JPY, GBP/USD and USD/CHF, and forex news.
DISCLAIMER:
iFOREX Ltd. is in the business of teaching analysis of forex trends, and proposing potential trading signals - not recommendations. All statements and expressions are the opinion of the forex experts at iFOREX Ltd. and are not meant to be either investment advice or a solicitation or recommendation to establish market positions. Our opinions are subject to change without notice. We strongly advise clients to conduct thorough research relevant to decisions and verify facts from various independent sources. The staff at iFOREX Ltd. is not to be held responsible for individual market positions, all trades that clients may take are based on their own final decisions. We do not accept any liability for any loss or damage whatsoever, that may directly or indirectly result from any advice, opinion, information, representation or omission, whether negligent or otherwise, contained in the trading signals or in any accompanying chart analyses, whether communicated by word or message, typed or spoken by any of iFOREX Ltd. employees.
Become a member and get 6 free Forex courses by OTA! - Webinar
The presidential impact on the currency market 2008 year-end targets
Mon, Nov 24, 2008, 15:00 GMTTheLFB Trade Team The seasonal swings in equity, commodity, and forex global trade are going to play their part due to the last quarter ...
The theory and application of pattern recognition swing trading in the forex markets
Mon, Nov 24, 2008, 16:00 GMTLarry Pesavento This webinar by Larry Pesavento of The Trading Tutor will illustrate how to apply pattern recognition swing trading. ...
Understanding the limitations of Technical Analysis
Tue, Dec 2, 2008, 17:00 GMTJason Alan Jankovsky Provides a deeper look into the theory of Technical Analysis and why this information is inaccurate when ...- Charts
- Survey
What is the most important issue when choosing a broker?
Browse The Entire ForexPros.com Site:
News
Charts
Quotes
Forex To Go
Forex Analysis
Languages
Forex Brokers
Fund Managers
Forex Trading Software
Education
Trading Tools
