Forex Forum

University => Forex trading strategies => Topic started by: alen on January 22, 2010, 08:27:01 am

Title: Market Expectations
Post by: alen on January 22, 2010, 08:27:01 am

FXCBS' USD/JPY : The dollar against yen built a base on 91.900 to start the awaited bearish wave yesterday, meanwhile, momentum indicators are showing oversold signs that are forcing the pair to fluctuate before resuming the expected bearish direction over an intraday basis. The primary target is around 87.750, keeping in mind that trades must remain intact below 90.921 to maintain chances of achieving the expected descend.