Wednesday, April 15, 2009

The dollar / yen. Technical opinion

Daily schedules are still paint bleak picture, based on a recent call to a turn in the form of candles "dozhi-nadgorbie. At this time, followed by reduction through the line of 21-day moving average at Y98.70, testing and correction of 23.6% growth from January to April at Y98.06. Strong support comes from the Fibonacci correction on points Y97.50, Y96.58 and Y95.97, each of which coincides with the additional levels of support.

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