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| 05 December 2008 Daily Forecast |
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| Technical Analysis - 4 December
USD/JPY 92.78 - 4 December
USD/JPY Open 93.11 High 93.68 Low 92.66 Close 93.28
The Dollar/Yen is in consolidation over the past two days. This is subject to the volatility in the financial markets. We have a clear
rectangle formation on the one hour chart with range 92.45 - 93.55. Change in status quo can be expected tomorrow after the unemployment
data and non-agricultural employment in the U.S. news come out. Present short term resistance levels are around 93.55 followed by 94.15.
Immediate support is 92.45 followed by 91.15.Technical resistance levels: 93.55 94.15 95.30 Technical support levels: 92.45 91.15 90.30
Trading range: 92.90 - 92.25
Already made +39 pips profit on USD/JPY today from the following signal:Trend: Downward Sell at 92.78 SL 93.08 TP 92.38 5:54 GMT Sell USD/JPY at 93.06 SL 93.32 TP 92.56 exited at 7:16 GMT. Total today +169, yesterday +130, as shown in details here.  Disclaimer: Please note that our technical analysis is not daily/evening
forecast, neither a trading signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers
different point of view. The analysis are updated around 6:00, 9:00 and 12:00 GMT, for the EUR/USD, GBP/USD and USD/JPY
respectively. Are technical analysis a trading signal?
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