The dollar yen continues to grind away marginally below the 100 price point, and yesterday’s candle was almost identical to that of Wednesday, both of which had long lower wicks bouncing off the 40 day moving average, and suggesting a move higher in due course. ...
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Currency Trading Dollar Yen – Daily Chart 16th April 2009
Yesterday’s candle which closed up on the day and with a long lower shadow, provided evidence that we could be about to see the long await break to the upside following its bounce off the 40 day moving average and failure to breach the support...
Dollar Yen – Daily Chart 15th April 2009
USD/JPY – FX Chart Daily Candle 15th April 2009 With the platform now in place for a move higher in the dollar yen pair, yesterday’s wide spread down bar which closed below both the 9 and 14 day moving averages came as a minor blip...
Usd Yen Technical Analysis – 14th April 2009
The dollar yen pair continues to consolidate forming a strong platform around the 100.55 region, which I believe will provide a springboard to a move higher with an initial target in the 102 region and a potential for 105 to be achieved later this month. ...
