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Forex » Forex Dice Major Currency Pairs » USD/JPY » USD/JPY - Dollar Yen
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Old 06-27-2008, 01:45 AM
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Red face USD/JPY - Dollar Yen

107,14. USD JPY broke 107,70 support. USD JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on USD JPY. The consolidation should continue. The price should continue to move in Bollinger bands. We won't take a position. The risk/reward ratio is too high to take a position..
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