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Technical Analysis Daily: USD/JPY

Discussion in 'Technical Analysis' started by ActionForex.com, Dec 19, 2008.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
    Likes Received:
    The current descending motion did not find enough support and the pair rose yesterday. A peak was reached at the 90.04 level, with closing price 89.54. On the one hour chart we have a bullish channel, which in many cases is a prerequisite for the continuation of the initial impulse...

    complete article here...

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