|
Technical Analysis for USDJPY 9 Mar 2010 |
|
|
|
|
Written by Administrator
|
|
Tuesday, 09 March 2010 |
|
The USDJPY failed to maintain its bullish momentum yesterday,
bottomed at 90.13 and closed at 90.29. The bias is neutral in nearest
term, but the failure to stay above 90.50 area could produce a false
breakout scenario which could trigger bearish momentum testing 89.50
area. The bullish correction scenario remains intact but we need a
consistent move above 90.50 area to continue bullish momentum targeting
91.50 region.
|