| USD/JPY - 8-Month Low Posted: 03 Aug 2010 08:45 AM PDT  Price action on USD/JPY (a 4-hour chart of which is shown) as of Tuesday (8/03/2010) has established a fresh 2010 low, an 8-month low, after having broken down below the last low of 85.93 established late last week. This breakdown occurs within the context of a strong downtrend for the pair and confirms a continuation of this downtrend. For more technical analysis on this currency pair, please click here for Tuesday’s (8/3/2010) Chart of the Day.
James Chen, CTA, CMT * For information on my DVD set, High-Probability Trend Following in the Forex Market, please click here.
* For information on my book, Essentials of Foreign Exchange Trading (Wiley), please click here.
* For information on my new book, Essentials of Technical Analysis for Financial Markets (Wiley), please click here. 
|
No comments:
Post a Comment