Usd/Jpy Technical Analysis for 21st November 2008
Posted on 21. Nov, 2008 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The pair is continuing to exhibit predominantly bearish signals, and is currently traded around the 95.00 level. On the daily chart, the pair’s price has dropped beneath the Bollinger Bands lower boarder, suggesting that a sharp bearish move is imminent. Going short with tight stops might be a good strategy today.
