Usd/Jpy Technical Analysis for 10th February 2009
Posted on 10. Feb, 2009 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
After touching a base at 90.89, the pair now consolidates a bit higher at around the 91.46 level. All oscillators show that the bullish momentum will probably continue. The Slow Stochastic of the 4-hour chart is showing no crosses in the horizon, and the bullish momentum there appears to be intact as well. On the daily chart, this pair is still trending upwards and there are no imminent indications of a reversal. Therefore, traders can maximize profits by entering steady long positions.
