Dollar/yen: The pair is now consolidating following its hammer triggered recovery off the 79.59 level, its May 05’2011 low. On a further strength, the pair should aim at the 81.70 level, its May 02’2011 high with a violation of there targeting the 82.80 level, its April 27’2011 high. Guest post by www.fxtechstrategy.com A cap is likely to occur here and send the pair back down again but if this fails, we may see further gains towards the 83.09 level, its April 20’2011 high. Its daily stochastic is bullish and pointing higher supporting this view. The risk to view will be a return below the 79.57 level. This will set the stage for further weakness towards the 78.00 level, its psycho level and then the 76.18 level, its 2011 low where a break will resume its long term downtrend towards the 75.00 level. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next AUD/USD May 11- Aussie Up Slightly Against US Dollar Tamar Schoppik 12 years Dollar/yen: The pair is now consolidating following its hammer triggered recovery off the 79.59 level, its May 05'2011 low. On a further strength, the pair should aim at the 81.70 level, its May 02'2011 high with a violation of there targeting the 82.80 level, its April 27'2011 high. Guest post by www.fxtechstrategy.com A cap is likely to occur here and send the pair back down again but if this fails, we may see further gains towards the 83.09 level, its April 20'2011 high. Its daily stochastic is bullish and pointing higher supporting this view. The risk to view will be… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
