USD/JPY Moves Below The 89.82 Level As Stocks Move Back And Forth

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USD/JPY Moves Below The 89.82 Level As Stocks Move Back And Forth

By Greg Michalowski on November 6, 2009 | More Posts By Greg Michalowski | Forex News By FXDD

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Not surprisingly, the stocks declined and so did the USDJPY. The price fell through support at the 89 82 floor and this pushed the price to a new low of 89.61. The market remains in a herky jerky mode, but the 89.82/89 level is now a key level to stay below for the pair. Next support 89.44.

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1 Comment :

Comment by Finexo

2009-11-07 07:44:07

Hi, your article gives the helpful information regarding trading ranges of the USD/JPY and I find your article of great Forex assistance.

The chart is clearly showing the hovering pricing actions due to decline in the stocks. The trading range of the pair expected to fluctuate around 89.

Reply to this comment

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