US DOLLAR / Japanese yen


	US DOLLAR / Japanese yen

crafty1

9-29-2009 9:29 AM

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tags:

curency trading

crafty1 says:

This currency pair has been falling down for the last 6 weeks and may reach soon the low levels posted in late 2008

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/13595a1f-9b0c-4400-9b4d-88f4ffb5eb5f/56F02659-F3C5-48B1-A34E-3F925F464BFF/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://currencytradingpro.com/further-strength-against-the-a353.html" href="http://currencytradingpro.com/further-strength-against-the-a353.html" style="font-size: 11px;">currencytradingpro.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencytradingpro.com/further-strength-against-the-a353.html"><DIV><FONT size="+1"></FONT>This currency pair has been falling down for the 
last 6 weeks and may reach soon the low levels posted in late 2008 and early 
2009, when 1 US Dollar was exchanged against "only" 87.10 Japanese Yen. The 
current rate is around 89.60. A further decline by 2.80% would drive the pair to 
the support level of 87.10.</DIV></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencytradingpro.com/further-strength-against-the-a353.html"><DIV>On the weekly chart, the bearish trend 
triggered in June 2007, more than 2 years ago, remains in place. The long-term 
descending resistance line (in red) starts from the high point of June 2007 
(point A, at 124.16) and goes through the lower highs of August 2008 (point B, 
around 110.60) and the recent peak of last month (point C, at 97.72). The weekly 
MACD triggered a bearish signal in early July this year and argues for a 
continuation of the negative trend.</DIV></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/56F02659-F3C5-48B1-A34E-3F925F464BFF/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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