Tag Archives: bearish correction
Usd/Jpy Technical Analysis for 24th February 2009
Posted on24. Feb, 2009 by admin.
This pair has recently entered a sustained upward trend. With the Slow Stochastic on the 4-hour chart indicating a bearish cross has recently formed, and the hourly chart’s Slow Stochastic signaling that one may be imminent, a downward correction may indeed be occurring in the near future. Going short with tight stops might be the [...]
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Usd/Jpy Technical Analysis for 20th February 2009
Posted on20. Feb, 2009 by admin.
The bullish trend is loosing its steam and the pair seems to consolidate around the 94.15 level. The daily chart’s RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy.
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Usd/Jpy Technical Analysis for 6th January 2009
Posted on06. Jan, 2009 by admin.
The bullish trend is loosing its steam and the pair seems to consolidate around the 93.00 level. The daily chart’s RSI is already floating in an overbought territory suggesting that a recent upwards trend is loosing steam and a bearish correction is impending. Going short with tight stops appears to be preferable strategy.
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Usd/Jpy Technical Analysis for 19th December 2008
Posted on19. Dec, 2008 by admin.
After bottoming at 87.70 two days ago, the pair now shows local signs of a correction. The 4 hour chart is showing that the bullish move might not have enough steam in it, and that the bearish trend will probably resume before the weekend. Selling on highs might be a good strategy today.
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Usd/Jpy Technical Analysis for 27th November 2008
Posted on27. Nov, 2008 by admin.
The 4 hour chart shows that the pair continues its recent bearish correction within a wider flat channel on this chart. The Slow Stochastic on the 1 hour chart supports the recent bearish momentum. Next target price might be around 94.60, and if breached we should see a stronger bearish move being validated.
