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TimeZone: London Time (GMT+00:00)
Language: English Arabic

EURUSD

1.1851

USDJPY

111.52

GBPUSD

1.3772

AUDUSD

0.7485

USDCAD

1.2406

GBPJPY

153.59

EURJPY

132.15

AUDJPY

83.48

CADJPY

89.86

Silver

26.23

Intraday Market Thoughts

View Latest IMT | Archives Calendar | Titles by Month

Archived IMT (2009.06.02)

by Ashraf Laidi

Jun 2, 2009 13:27

The Head & Shoulder formation in USDJPY developing since January remains intact with todays failure to break above 96.65 further validates the trend line resistance extending from the May 7th high of 99.74. The trend line was tested without success on Monday, Friday and Thursday. This sets up the path for renewed downside towards 95.40, followed by 94.60, while resistance remains capped at 96.40.

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