Thursday, October 19, 2006

USD/JPY 118.35
TESTING THE 118.20 ON 60 MIN CHARTS


On 60 Min charts this pair is heading lower within the Downward Sloping Channel and made the short term bottom at 118.20 and 60 Min RSI is at oversold region. So it possibly it'll test 118.70 and 119. 119 is the 100dma resistence. If it triggers 118.45 tehn it hit 118.77 and 119.