Saturday, October 30, 2010

USDJPY: (a) Bottom Taking Shape?

Last week the USDJPY Doji Candlestick chart showed each week are marked down poisjuoksuttamiseksi channel series April's swing high, and a larger one, which is specified in the price of the operation after the half of 2008, hinting, this may prove (at least) of the second corrective valuuttakurssijannitteet intercept key support site. The daily chart, it can be stated, we are now seen the Engulfing Candlestick settings in the lower reaches of the channel at the bottom of the pane to the strengthening of the upswing in the case of a seemingly. However, the opposition is 82 lahiajan. 86, in which the risk and the premium considerations argue against entering current levels for a long time, and we are still on the sidelines for now. Above this level reveals a break up small channel (now at 84.10) and the daily close above are handled as solid buy entry signal to allocate larger channel upper limit (now 93.27).

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