The dollar is in a long-term bearish descending triangle against the yen, with support at 100. A breakout above the December 2005 high of 121, however, would be a strong bull signal for the dollar. Failure to breakout would most likely form a bullish ascending triangle between the (green) upward trendline and resistance at 121. A fall below 115 is less likely at this stage, but would signal a test of long-term support at 100.Τρίτη, Ιανουαρίου 16, 2007
USD/JPY
The dollar is in a long-term bearish descending triangle against the yen, with support at 100. A breakout above the December 2005 high of 121, however, would be a strong bull signal for the dollar. Failure to breakout would most likely form a bullish ascending triangle between the (green) upward trendline and resistance at 121. A fall below 115 is less likely at this stage, but would signal a test of long-term support at 100.
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