WorldWideMarkets Community

Forex Trading, Market News & Technical Analysis

Yen comes close to breaking out but not quite

Posted by WorldWideMarkets . on May 30, 2013 3:11:00 AM
describe the imageDollar/yen maintains the 100 yen level but the range low now 100.52. The range is now the recent peak of 103.73 yen, with a strong cap at the 105.16 yen level from October, 2008 with the downside at 100.52 and 100 as a psychological level. Volality is such but the more the down side holds, the greater the strength. And fundamentals are still in the dollar's favor against the yen. Watch for moves by Japanese coprorates and exporters.
 

Tools & Educational Resources

Forex 101LEARN MORE >>
Learn the basics of Forex and how to practice trading the markets.

GlossaryLEARN MORE >>
Confused by the language? Click here and search for key trading terms.

FAQ CenterLEARN MORE >>
Browse our frequently asked questions and find your answers right away.

VideosLEARN MORE >>
Access to the educational lessons, webinars and platform walkthroughs.

READY TO TRY THE MARKETS?

Get started with a FREE $10,000 Demo Account and experience the Forex Market RISK FREE!