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Nov 28
USD/JPY Analysis-June 13,2011
Monday, 13 June 2011 04:07

Forex USD/JPY Intraday Analysis - June 13, 2011: Testing Level 80.57

Yesterday: Open 80.36 High 80.48 Low 79.97 80.28 Close

Yesterday since able to touch the first support level at 79.98, Yen rebounds movement to penetrate the area above the diagonal trend lines.

Currently, the movement of yen seen trying to corrections to the line MA10.

The focus of today's economic data for USD / JPY is JPY Core Machinery Orders m / m in at 6:50 pm.

 

20110613_jpy

If the rise continues a trend line through the diagonal of the price likely to go to the 80.57 resistance level.

We recommend that if decreased berkelanjut penetrate below the diagonal trend line support level opportunity 79.88.

Prices shown on the graph H1 line MA05 and MA10 in bullish conditions is limited.

While the Stochastic indicator indicates when to penetrate the potentially bearish trend line diagonal.