|
Technical Analysis for USDJPY 8 Mar 2010 |
|
|
|
|
Written by Administrator
|
|
Monday, 08 March 2010 |
|
The USDJPY had a significant bullish momentum on Friday, topped at
90.58 and closed at 90.34. This fact should trigger further bullish
correction scenario targeting 91.50 and the major trendline resistance
area but we need a consistent move above 90.50 area to continue the
bullish correction scenario. However note that the major trend should
remain bearish as long as price move below the major trendline
resistance. Immediate support at 90.00 followed by 89.50.
|