Monday, January 26, 2009

Yen made gains

Yen most of the crosses made substantial gains as majors rallied and risk appetite improved. Looking ahead for Bank of Japan minutes are released.

Technical view
YEN R1: 90.40 S1:88.60
R2: 90.50 S2:88.40
yen chart pattern indicates the currency to remain bullish for the day. Trading range for the day is expected between 88.70 – 90.30 levels . Stochastic and momentum are seen trending up pointing a small upward correction

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