Usd/Jpy Technical Analysis for 23th March 2009

Posted on 23. Mar, 2009 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis

It seems that the pair has limited its bullish correction after testing the 98.94 level. Currently a bearish cross took place on the hourly chart’s Slow Stochastic. The resumption of the bearish trend looks possible. Going short with tight stops might be the right strategy today.

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