Forex Trading: USDJPY Consolidates After A Trend Week To The Downside

The high for the USDJPY was on Monday at the 91.89. The low occurred yesterday at the 88.79 level.  The price moved below the 100 hour MA at the 91.19 level on Tuesday, the trendline and 200 hour MA on Tuesday.  Consolidated on Wednesday at the 100 day MA (at 90.16) and moved lower Thursday.  Now the market is consolidating once again as the week comes to a close.
The Yens demand has come off the flight to quality bid as a result of slower global growth and the Greece … [visit site to read more]


This entry was posted on Friday, February 26th, 2010 at 9:00 amand is filed under Investments. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

Comments are closed.