Short Term Trading forex trading links forex trading books market statistics trader values euro and us dollar Shocks Crashing Short-term trading: Is USD/JPY Topping?

Wednesday, 27 February 2013

Short-term trading: Is USD/JPY Topping?

japanese yen, usdjpy

A decline of the Japanese yen to 89.00 is possible short-term against the US dollar. The Japanese yen is leaning against the higher Bollinger bands. There is a divergence between the price and the RSI indicator on the daily and weekly charts. Accordingly to the Commitment of Trader report (COT), then, futures funds have accumulated almost 120,000 contracts of USD/JPY. It represents the highest level in more than five years.
 
The data contained herein is believed to be drawn from reliable sources but cannot be guaranteed, neither the information presented nor any opinion expressed constitute a solicitation of the purchase or sale of any forex, futures or commodity product. Those individuals acting on this information are responsible for their own actions. Forex, futures and commodity trading may not be suitable for all recipients of this report. The risk of loss in trading forex, futures and options can be substantial. Each investor must consider whether this is a suitable investment.

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