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USD/JPY Technical Analysis 13 November 2008
By: iForex.bg - 13-11-2008
1votesUSD/JPY 95.64 - 13 November
USD/JPY Open 95.63 High 96.25 Low 95.42 Close 97.66
The U.S. currency continued falling against the Yen. Bottom at 94.47 was reached, and closing the day at 94.68. During the Asian session there was rising pressure towards 95.55. The model remains consolidating in the short term. Immediate support is yesterday's bottom at 94.45. Short term resistance is 96.55.The CCI indicator crossed up the line 100 on a daily chart, indicating a potential pressure in upward direction.
Technical resistance levels: 96.55 97.65 98.50
Technical support levels: 94.45 93.55 92.70
Trading range: 95.50 - 96.15
Trend: Upward
Buy at 95.64 SL 95.34 TP 96.04
Already made +34 pips profit on USD/JPY today from the following signal:
5:54 GMT Sell USD/JPY at 95.76 SL 96.02 TP 95.26 exited at 7:36 GMT.
Total today +165, yesterday +154, as shown in details at our web site.
Next Analysis: USD/JPYContent 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.
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