Forex: USD/JPY - the technical analysis

Dollar/yen with anything serious us has not surprised, and the second day of steam measuredly moves along line L on fig. 1. The time parametre when very soon there is not actual a model of correction of the price from its decrease in dispersing triangle F-F + on fig. 1 becomes a problem "bears ". And then 104.96 (23/01/08)-107.89 (25/01/08) which we considered earlier as the first part of the specified correction, it will be possible to consider ascending movement as the first "bull " an impulse in the ascending trend, 1 on fig. 1 and 2 channel L-L +. Expansion of this lifting of the price will assume possibility of formation of model of correction of dollar/yen from its falling 114.65 (27/12/07)-104.96 (23/01/08). But while it is necessary for pair to make the way above a figure 118.00. Just as for continuation of descending channel N-N + convincing pass of the price more low 105.00 is required. Trading tactics. We try to use for position statement a trading interval 105 which is now uncertainty area. In case of the test a course of level 107.43 we will open a position on sale from feet-lossom on 108.03, the purpose - 105.70. At a contact in pair a mark 105.20 we will open purchases from feet-lossom 104.67, the purpose - 107.80. Reminder: 1. Resulted above a reasoning on course prospects are only our assumptions which are used for working model construction; 2. After opening of any positions in any direction it is meant, that in case of a course change on 30п. In a direction of a position of feet-loss moves on opening level. Successes to you. Resistance: 107.20 107, 108, 108.65, 108.90 109, 110, 110.40. The current price - 106.98, 21:23 Moscow time. Support: 106.60, 106.35 106, 105 105, 104.60 104, 103, 103.35, 102.55 101. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Parametres of last trading day: Open=106.66, High=107.05, Low=105.98, Close=106.86. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Fig. 1 - the schedule with the period of 60 minutes Fig. 2 - the schedule with the period of 480 minutes Fig. 3 - the schedule with the period day. Fig. 4 - the schedule with the period week. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Vasilev Andrey Forexpf. Ru - Forex News / news Forex