Yesterday saw a wide spread up bar, which was as expected, so I hope you managed to take some pips from the market. What is more encouraging is that this move has now broken above the strong resistance at 93.00 which has now become support...
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Yen To Dollar – Daily Chart February 16th 2009
Friday’s candle was a wide spread up bar, and as I have just mentioned over on the weekly candle chart, this may be the start of a breakout and rally up to challenge resistance at the $93.50 region and above, provided we see a continuation...
Dollar Yen – Weekly Chart 9th February 2009
Last week’s candle for the dollar yen, has at last provided some respite from the remorseless sideways movement of the last few weeks with a sharp move up on Thursday, leaving us with a wide spread up bar on the week. The closing price on...
Yen To Dollar ( USD/JPY) – February 4th 2009
As you will see from today’s chart for the dollar yen pair, I have added two lines to show the pennant that is now forming, with lower highs and higher lows, as we move towards the point of the pennant at around $90. Yesterday’s candle...
Yen Dollar – Weekly Chart 2nd February 2009
Last week’s candle was an up bar, but unfortunately one that tells us little about the future direction for the yen dollar pair, other than we can probably expect more sideways movement this week as it hovers between 88.00 and 91.00. As I mentioned in...
