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USD/JPY Daily Outlook - May 25, 2011: Potential Double Top Pattern Formed Back |
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Wednesday, 25 May 2011 00:54 |
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USD/JPY Daily Outlook - May 25, 2011: Potential Double Top Pattern Formed Back
Yesterday: Open 81.94 High 82.21 Low 81.62 82.00 Close
Yen currency movements since yesterday began trading the European session, 2 times almost touching the highest resistance level at 82.22 on May 19, 2011.
On the whole movement Yen reached about 60 pips.
Currently Yen looks bullish indicator conditions stoachastic in bearish conditions.
The focus of today's economic data for USD / JPY is:
1. JPY Monetary Policy Meeting Minutes
2. JPY Trade Balance
3. JPY BOJ Gov Shirakawa Speaks
If the rise continues, prices likely headed to the resistance level is 82.17 and 82.62.
We recommend that if berkelanjut decreased over the trend line and diagonal line leading to the break level at 81.62 then the 81.31 support level opportunities.
Prices shown on the graph H1 line MA05 and MA10 in conditions intersect.
While the Stochastic indicator indicating a bearish opportunity. |
