Saturday, February 11, 2012

Technical Analysis Daily: USD/JPY

June 15, 2009 by · Leave a Comment 

Dollar/Yen ascended on Friday. On the 1 hour chart the triangle formed was penetrated upwards, assuming future bullish movement continuation. Good resistance is represented by the 98.70 level. Break above this level may trigger further bullish momentum towards next objective 99.80. Immediate support is seen in 97.90. The CCI indicator…

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