Thursday, March 4, 2010
Dollar yen reacting to EUR-USD pair, as usual.
Dollar-Yen broke the support 88.53 only to stop in the middle of the way to the suggested target, settling for 88.31. This break gives chance to more drop, but on one important condition. This condition is to stay below, and not break, the falling trend line from 92.13, which is currently only pips above the current price, at 88.53. If the price stays below this line, more drop is to be expected. Short term support is at 88.31, and if broken we will move slowly towards 87, where the targets 87.72 & 87.00 awaits. The technical outlook stays negative as long as we are below the resistance of the day 88.53.
Subscribe to:
Post Comments (Atom)
This is my Good luck that I found your post which is according to my search and topic, I think you are a great blogger, thanks for helping me out from my problem..
ReplyDeleteVolkswagen Golf Turbo
ReplyDeleteits nice to read a useful article for beginner like me. Some of points from this article are very helpful for me as I haven’t considered them yet. I would like to say thank you for sharing this cool article. Bookmarked and sharing for friends.