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USD/JPY - May 24, 2011: Potential Double Top Pattern Formed |
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Tuesday, 24 May 2011 05:24 |
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Yesterday: Open 81.66 High 82.06 Low 81.32 81.97 Close
Yesterday movement Yen in the Asian session to test 6 times the 81.99 resistance level, at the European session finally Yen bearish movement until around 70 pips past the diagonal trend lines. When the final session of the United States re-test the resistance level is 81.99 yen back.
Currently Yen will look bearish.
There is no focus on economic data today for USD / JPY.
If the rise continues, prices likely headed to the 82.22 resistance level.
We recommend that if berkelanjut decreased over the trend line and diagonal line leading to the break level at 81.31 then opened up opportunities 81.31 and 80.94 support level.
Prices shown on the graph H1 line MA05 and MA10 in bearish conditions.
While the Stochastic indicator indicating a bearish opportunity is limited.
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