So would the announcement help JPY break the red downtrend channel? MACD and EMA seem to give a hint on it too. It looks likely that a breakout would occur. This might be a possible breakout set-up for traders.
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Monday, August 9, 2010
Possible Breakout Setup (2010-08-09 USDJPY analysis)
Tomorrow Bank of Japan will announce its interest rate decision and JPY would definitely have a little fluctuation.
So would the announcement help JPY break the red downtrend channel? MACD and EMA seem to give a hint on it too. It looks likely that a breakout would occur. This might be a possible breakout set-up for traders.
So would the announcement help JPY break the red downtrend channel? MACD and EMA seem to give a hint on it too. It looks likely that a breakout would occur. This might be a possible breakout set-up for traders.
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