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US Dollar/Japanese Yen Breakout Potential
Tuesday, 07 October 2008 15:52:53 GMT
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The tight USD/JPY consolidation between 102.00 and 102.50 shows breakout potential. Given the jittery nature of the markets, as evidenced by the higher opening of the DJIA and subsequent drop back below the critical 10,000 level, any potential break is likely to be to the downside. Support could come into play near 101.50 and yesterday's lows in the region of 100.25/50.
Source: Intellicharts
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