http://usdjpytechnicalanalysis.com Forex blog about usd/jpy technical analysis Thu, 02 Jul 2009 15:05:33 +0000 http://wordpress.org/?v=2.8.6 en hourly 1 http://usdjpytechnicalanalysis.com/usdjpy-technical-analysis-for-23th-february-2009/ http://usdjpytechnicalanalysis.com/usdjpy-technical-analysis-for-23th-february-2009/#comments Mon, 23 Feb 2009 10:40:30 +0000 admin http://usdjpytechnicalanalysis.com/?p=100 The 4 hour chart is showing that the pair’s bullish momentum is reversing itself, and has turned to be bearish. The bearish cross on the daily Slow Stochastic strengthens the pair’s downtrend, which might see a valid target price at 92.49.

]]> http://usdjpytechnicalanalysis.com/usdjpy-technical-analysis-for-23th-february-2009/feed/ 0 http://usdjpytechnicalanalysis.com/usdjpy-technical-analysis-for-6th-january-2009/ http://usdjpytechnicalanalysis.com/usdjpy-technical-analysis-for-6th-january-2009/#comments Tue, 06 Jan 2009 11:33:10 +0000 admin http://usdjpytechnicalanalysis.com/?p=62 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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