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Week 6 of 2010 (Feb 08 − Feb 12)

Muhammad Zeeshan Ali from AMZ Capital at 02/08/10




USDJPY is moving in a very good downward trend and initial target is at 88.50 level, break of which will set 86.00 as next target for USDJPY. A good selling level can be seen just around 89.90 level for a nice downward move. The same pattern can be seen in daily charts so we might also see Intra-day traders selling USDJPY on retracement throughout this week.

Daily Chart

Weekly Chart

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