Forex USD/JPY Intraday Analysis – June 6, 2011: Testing Level 79.53
Yesterday: Open 80.95 High 81.03 Low 80.06 80.22 Close
Throughout yesterday, Yen bearish movement in the range of 90 pips daily with the highest levels at 81.03 and the daily lowest level in 80.06.
Currently looks bearish yen, supported by the line MA05 and MA10. If it turns out the main lines can penetrate the diagonal trend lines in the stochastic indicator, it can open the possibility for a rebound.
There is no focus on economic data today for USD / JPY.
If the rise continues a trend line through the diagonal, then the price likely to go to the 81.12 resistance level.
We recommend that if it declined the opportunity berkelanjut 79.53 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.
For more Analysis see ForexTradingEVO.com
