Forex Trading: USD/JPY Defended By 200-Hour Moving Average
By Greg Michalowski on December 22, 2008 | More Posts By Greg Michalowski | Forex News By FXDD
We have followed the Yen on its remarkable rally and have noticed that the 200 hour moving average has defended the Yen against the USD since it penetrated it the last time at the end of November. On the chart below you will notice that has happened again today (Monday), making it the third day in approximately a month. We will continue to watch this level and use it as a reference point until the market dictates otherwise.

If you like this article please...
Leave A Comment :
Recent Market Opinions:
US Commercial Property Sector: A Tsunami Of Red Ink
Interesting Articles To Read
US Dollar Tops, While Precious Metal Stocks Bottom: There’s More To Seasonality Than Summer Doldrums
Weak U.S. Economy May Not Mean Weak Dollar This Time
Month To Date Market Review
Recent News:
Singapore Stocks May Open Higher - 11 mins ago
Malaysian Market May Extend Gains - 37 mins ago
South Korean Stocks May Tick Higher - 1 hr ago
Taiwan Trade Balance On Tap For Monday - 1 hr ago
Macedonia’s Jan.-Sept. Trade Deficit At US$1.61 Bln - 1 day ago
Opinions From Our Contributors


