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Disclaimer: This is my personal Blog, reflecting my very own views on Forex , shares and commodity tradings. As such, all informations provided here are barely for information purposes only,. The author should not be held liable for any errors, incomplete information, delayed messages, or for any actions taken in reliance on information contained herein.This blog is new, being established on 06,May.2010. While I am executing trades, posting will be sent simultaneously. The date/Time indicated here is of US Pacific zone(++15 Hours for Singapore/KL/Beijing, Or ++7 hours GMT)

Sunday, December 5, 2010

Usd/Jpy---- to revisit 80.00 level ??

The imminent selling down of Dollars and the  Risk aversion activity may push down Usd/Jpy  to   80.00 near term.  As Yen is still considered a safe heaven  Currency in the midst of the instability status of both Euros and Dollars.

Daily Chart Usd/ Jpy


From the Daily Chart above, we note that 82.25 is the Ichimoku Cloud bottom Support, which is also near the 61.80% Fibo Retr level. The Bearish sentiments may push down this currency pair towards the next  recent Low at 80.27 , and breaking below 80.00 may force BOJ to intervene .
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