USD JPY Anticipating a Bullish Run
July 10th, 2009 Posted in Analyst Picks
• The charts below are the hourly chart and daily chart for USD/JPY by ForexYard.
• The technical indicators used are the Slow Stochastic and RSI.
• Point 1: The RSI on the daily chart signals that the price of this pair currently floats in the over-sold territory, indicating upward pressure.
• Point 2: The Slow Stochastic indicates a bullish cross, signaling that the next move maybe in an upward direction.
• Point 3: The RSI on the hourly chart also support the upward direction.
USD/JPY Daily Chart
USD/JPY Hourly Chart
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Tags: Forecast, Forex, forex and technical analysis, forex articles, forex blog, Forex Forecast, Forex Strategies, JPY, RSI, Slow Stochastic, USD, USD/JPY
