USDJPY falls sharply as stocks give up some gains and London liquidates
Written January 29, 2010 at 11:13 AM EST by Greg Michalowski
The USDJPY fell sharply falling through the support at 90.55 and falling to test the 200 hour MA at he 90.33 level. The low reached 90.26 in liquidation type selling and has since bounced back to 90.40 area. Will be watching the 90.55 level for upside resistance now.
London and Europe are heading home and it seems they are having an influence on the bias with sellers dominating.
Categories: Forex Trading |
(Aug 30, 2010)
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