Forex | Forex | Yen breaks ascendant daily trend line (23/06/2009 04:06:00)

Yen breaks ascendant daily trend line

FXstreet.com (Buenos Aires) – USD/JPY, Japanese yen break ascendant daily trend line, and opened current candle under it, already accomplishing a pullback. A bit exhausted in the hourly, bigger time frames suggest further falls for the next session also supported by Nikkei 225 more than a 1% down at the opening.

“Under 95.20, selling would likely accelerate,” said Valeria Bednarik, collaborator at FXstreet.com. Support levels: 95.20 94.80 94.60. Resistance levels: 95.85 96.05 96.30.

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