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USd/Jpy breaking lower

Posted on January 12, 2009 at 12:41 in Short-Term Analysis, Uncategorized by Valeria Bednarik

The key 90.00 zone has given away at the moment, and the pair tested next support, at 89.60. Tending bearish, under today’s minimum the pair has a quite clear way down, with next supports at 88.90, and 88.20. Resistances form actual zone will be at 90.00, followed by the zone @ 90.30, a 4 hours descendant trend line. Above it the pair could turn bullish for the rest of the day, with next target zone @ 90.70.

Tags: usdjpy

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