Monday, January 31, 2011

USD/JPY | Ichimoku Analysis | Weekly Forecast | 31 January 2011

USD/JPY | Ichimoku Analysis | Weekly Forecast | 31 January 2011

On the USD/JPY market the bears, as it was expected, have won last week’s battle and the candle at the daily chart closed below the Turning line (3).

Both Tenkan-sen and Kijun-sen (3, 4) went down that makes possible further decline of the greenback versus yen. Read more