The Fusion Media Network: |
 |
Welcome,
Guest!
- BROKERS
Main Directory Promotions Interviews Compare Demo Accounts Live Accounts Special Offer - SOFTWARE
Main Charts Signals Trading Platforms - FUND MANAGERS
Main Interviews - EDUCATION
Main - MEMBERSHIP
Technical
Central Banks
Forex Brokers
Trading Tools
USD/JPY Technical Analysis 10 November 2008
By: iForex.bg - 10-11-2008
1votesUSD/JPY 99.30 - 10 November
USD/JPY Open 98.97 High 99.82 Low 96.91 Close 98.19
On Friday the Dollar/Yen traded with attenuation. The currency couple reached the bottom 96.91, than rose significantly up to 98.54 and closed at 98.19. Earlier today during the Asian session, the pair continue to trade higher reaching 99.47. On the one hour chart we have valid ascending channel. Immediate support level is seen at 98.70, in upward direction immediate resistance is today's top at 99.45. The model today is mixed with ascending signals towards the 100 hour line on the daily chart, which shows potential increasing pressure.
Technical resistance levels: 99.45 100.50 101.40
Technical support levels: 98.70 97.85 96.90
Trading range: 99.20 - 99.80
Trend: Upward
Buy at 99.30 SL 99.00 TP 99.70
Already made +18 pips profit on USD/JPY today from the following signal:
5:54 GMT Sell USD/JPY at 99.00 SL 99.26 TP 98.50 exited at 6:27 GMT.
Total today +167, on Friday +117, as shown in details at our web site.
Next Analysis: Daily Technicals - Key res. at 1.2940 in EuroContent 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! - Charts
- Survey
Are you using a signal service?
Browse The Entire ForexPros.com Site:
News
Quotes
Forex Analysis
Forex Brokers
Forex Software
Live Events
Charts
Fund Managers
Education
Forex Forums
Languages
