proacttraders's Commentaries
Sep
9
2010
$USDJPY Bounce?
by proacttraders
Overall Rating:
We have a descending wedge in play on the UJ which is normally bearish for the cross, but we have tried to take out the support 4 times and not been successful due to the 83.74 bottom posted April 4, 1995. We could see a move back up to the top of the wedge today.
Tags: usdjpy | currency-market-updates | currencies
