Published on FXDD (http://forex.fxdd.com)
Forex Trading: USDJPY breaks out to the upside today
By Greg Michalowski
Created Apr 30 2008 - 6:43am

The USDJPY broke to the downside yesterday and could not hold.  Today it remained between the 100 and 200 hour moving average for most of the day, but just broke strongly higher at 104.21.  Expect the 104.21 level to hold support early in the day with buyers on dips. 


Source URL: http://forex.fxdd.com/trading-news/3768/forex-trading%3A-usdjpy-breaks-out-upside-today