Japanese Yen: Turning Up

New York London GMT Tokyo Singapore

Japanese Yen: Turning Up

By Trading Central on June 5, 2009 | More Posts By Trading Central | Author's Website

Update on supports and resistances.

Resistance3:	104
Resistance2:	102.5
Resistance1:	99.65
Last:	98
Pivot:	93.6
Support1:	93.6
Support2:	91.6
Support3:	87.5

Pivot: 93.6

Our preference: Long positions above 93.6 with targets @ 99.65 & 102.5 in extension.

Alternative scenario: Below 93.6 look for further downside with 91.6 & 87.5 as targets.

Comment: the RSI is pushing above a declining trend line.

104
102.5
99.65
98 (last)
93.6
91.6
87.5

*USD/JPY Index: the ISE Exchange measures the strength and weakness of the US DOLLAR versus the JAPANESE YEN. For details go to www.ise.com

Check Out These Related Posts:

If you like this article please...

Subscribe by RSS Subscribe by Email

Email This Post To A Friend

Recent News:

Bay Street Market Gains More Than 1% - Canadian Commentary - 52 mins ago
Stocks Give Back Some Ground But Show Continued Strength - U.S. Commentary - 1 hr ago
Existing Home Sales Jump By Much More Than Expected In October - 1 hr ago
Stocks Seeing Substantial Strength In Mid-Morning Trading - U.S. Commentary - 1 hr ago
Existing Home Sales Jump 10.1% In October - 2 hrs ago

Opinions From Our Contributors

Commodities Silver Hits New Highs At Top Of Uptrend Channel Gold Has Just Barely Entered The Gravity-Free Zone More Than Just Mines: A Look At Other Ways To Profit From Coal, Copper And Ore China Owns The Heavy Stone Has Gold Just Broken Out Of Its Trend Channel? The Dirty Little Secrets Of Warrants, Options & LEAPS Interesting Articles To Read The Forgotten Commodity - Rice Commodity Investing: ETFs Or Mutual Funds? John Paulson Launching A Gold Fund With $250M Of His Own Money Read More »	Financials U.S. Bank Failures Reach 124 Financial ETFs Still Remain Vulnerable Ron Paul Thinks That Fed “Oversight Is Laughable” Buffett Borrows For Rail Acquisition Investment Ideas: Here Are 3 Dirt Cheap Stocks Treasury To Auction TARP Warrants Dear Reader, We Cannot Criticize Goldman Sachs. Instead, We Admire It 2010 Outlook For The US Banking Industry Get Rid Of Your General Electric Shares Tufts Endowment And Risk Taking? Read More »	Exchange Traded Funds ETF Update: Health Stocks And Health Care Legislation Biggest Gainer ETFs For The Week Ended 22 Nov What You Should Know About Precious Metals ETFs And Taxes Main Street Vs. Wall Street: Using ETFs To Capitalize Why You Should Watch This Leisure & Entertainment ETF Biotech Investing: Spread Your Risks With ETFs Are You Going For Yield With Your ETFs? Rydex Market Timers: At It Again Is An Asset Bubble Forming In Hong Kong’s ETF? Regional Bank ETFs: The Bad And The Good Read More »
Stocks Chart Of The Week: No More Easy Money For Volatility Sellers? 2009 Best Small Companies Part 3 Why Is Pimco’s Bill Gross Investing In Utilities? Morning Movers: LDK Solar, Origin Agritec, USG Stocks To Watch On Monday Thanksgiving Week: Stock Trading Tends To Be Less Bullish Stock Market News: Ebay Website Outage; Microsoft In Discussions With News Corp. To “De-index” Firm’s News Websites From Google Caterpillar (CAT) - Bull Of The Day Stock Investor Sentiment: Will This Week Be Another Repeat Of The Last Two? How Does Volatility Affect Stock Options? Read More »	Forex AUD/USD Loses Momentum After Testing The 200-Hour Moving Average Fed Comments Revive Risk Appetite, Sending US Dollar Lower Structural US Dollar Weakness Persists Australian Dollar: Caution Canadian Dollar: Caution Forex Traders Await Tuesday’s German IFO Report Better Existing Home Data Leads To Some US Dollar Buying Swiss Franc: The Downside Prevails Japanese Yen: Under Pressure British Pound: The Downside Prevails Read More »	Economy China: A Riddle Wrapped In An Enigma Should A House Be Treated As A Great Investment? Economic, News And US Earnings Reports For The Week Nov 23 - 27 Spitting On The Boomers’ Financial Legacy Alternatives To The US Dollar As The World’s Reserve Currency The Economists Are Wrong Again There Is A Considerable Gap Between What The Fed’s Saying And What It’s Thinking What’s Triggering America’s Populist Rage? China Will Blow Up Before It Grows Up Contrary To Conventional Wisdom, When China Drops Its Currency Peg, The Immediate Benefits Will Flow To The Chinese, Not Americans Read More »