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Yen Dollar – Daily Chart 9th April 2009

The dollar yen currency pair is continuing to consolidating nicely between the 100 and 101 area prior to pushing higher in next week’s trading, supported by all three moving averages which are now pointing upwards.  This anticipated move received an extra boost yesterday with the...

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Yen to Dollar – Daily Chart 6th April 2009

As I had been suggesting all week we have finally had the decisive breakout that we have been waiting for on dollar yen pair with Friday’s close finishing above the psychological 100 mark, with all three moving averages now pointing to a move higher.  This...

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Dollar Yen – Daily Candle Chart 26th March 2009

Yesterday’s candle confirmed once again how strong the resistance is proving to be at the current level and whilst the closing price finished above all three moving averages it simply reinforced the sideways consolidation of the last few weeks.  I can only reiterate my advice...

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Yen To Dollar Weekly Chart – 23rd March 2009

Trading any yen cross at this time of year can be quite tricky as we approach Japan’s end of year on 31st March. Whilst last week’s candle confirmed the short term bearish sentiment it was less than convincing for two reasons:  firstly the lower shadow...

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