Forex | Forex Strategies | Forex Trading Analysis for USD/JPY (18/08/2009 22:35:30)

Forex Trading Analysis for USD/JPY

Forex Technical Analysis Today's candle on the dollar to yen forex chart ended a typically choppy forex trading session with a narrow spread up bar with a deep upper shadow to the small body suggesting that we may well see a fall in the dollar yen tomorrow as a result.  This bearish technical picture is further confirmed, firstly by the fact that prices are now firmly below all three moving averages and, secondly that today's price action failed to hold above either the 14 day or the 40


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