From: forex.trader@gmail.com (Arnaud)
Newsgroups: uk.finance
Subject: USD/JPY - Dollar Yen Oct 29
Date: 29 Oct 2004 01:17:20 -0700

USD/JPY - Dollar Yen
Short term (Intraday)
USD JPY broke 106,30 support. USD JPY is in an downtrend directed by
1H exponential moving averages. The volatility is low. Bollinger bands
are drawing the trend. There is a positive divergence between price
and oscillators on the 4H chart. The downtrend should continue on
103,40 support. We could take a short position at 106,00. We will put
the stop loss above 106,35 (-35 pips). The major target is 103,40
(+260 pips). This is a dangerous trade, take care and put your stop
loss.
Resistances : 106,00 - 106,30 - 106,95 - 107,10 - 107,40
Supports : 105,10 - 103,50
Chart : http://www.mataf.net/en/forex-usdjpy.htm