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| | |-+  USD/JPY Eyeing 87.00
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Author Topic: USD/JPY Eyeing 87.00  (Read 4851 times)
pranjali
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« on: February 26, 2010, 11:11:36 am »
USD/JPY Eyeing 87.00
         

The USD/JPY continues to decline towards 87.00. Although the decline appears to be stalled at the moment, the stochastic shows that the momentum is strong, and along with price action, which broke a rising support, shows that further decline is likely. Bearish mode is maintained as SMA50
         

http://www.actionforex.com/technical-analysis/daily-forex-technicals/usd%10jpy-eyeing-87.00-20100226107648/
         
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