Usd/Jpy Technical Analysis » bullish correction

Usd/Jpy Technical Analysis for 9th February 2009

admin — Mon, 09 Feb 2009 12:37:58 +0000

The Daily chart showing that the pair is still in the bullish configuration; however, the RSI is already floating in the overbought territory. On the contrary, there is a fresh bullish cross on the hourly chart’s Slow Stochastic indicating a bullish correction might take place in the nearest future. In that case traders are advised to swing in after the breach takes place.

Usd/Jpy Technical Analysis for 13th January 2009

admin — Tue, 13 Jan 2009 14:21:27 +0000

The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4 hour chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.

Usd/Jpy Technical Analysis for 18th December 2008

admin — Thu, 18 Dec 2008 10:24:39 +0000

The hourlies chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the Daily Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.

Usd/Jpy Technical Analysis for 16th December 2008

admin — Tue, 16 Dec 2008 10:51:06 +0000

The 4 hour chart is showing mixed signals with its Slow Stochastic fluctuating at the neutral territory. However, the Daily Chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops appears to be preferable strategy.

Usd/Jpy Technical Analysis for 12 December 2008

admin — Fri, 12 Dec 2008 18:30:20 +0000

The Daily chart’s showing that the pair is still in the bearish configuration; however, the RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops appears to be preferable strategy.

Usd/Jpy Technical Analysis for 8th December 2008

admin — Mon, 08 Dec 2008 13:36:52 +0000

The hourly chart’s showing that the pair is still in the bullish configuration; however, the RSI is already floating in the overbought territory. On the contrary, there is a fresh bullish cross on the daily chart’s Slow Stochastic indicating that a bullish correction might take place in the nearest future. In that case traders are advised to swing in after the breach takes place.