USD / JPY: outlook for 2009

Long term:  89.99 is our first objective

On a yearly basis, stochastic will be overbought in Q1 2009. The status for our 7 / 23 years moving averages is a bearish non-crossover. MW (103.09) is a strong resistance. 89.99 is our first support and Historical low (79.7) is the next one.

On a quarterly basis, Bollinger bands spread is minimal. UQ / LQ spread is increasing. With our 7 / 23 quarters moving averages, a bearish A type crossover is in progress. Our stochastic and MACD are overbought (bearish non-crossover for our stochastic and our MACD). 89.99 is our first objective.

On a monthly basis, our stochastic and MACD are overbought (+ MACD overbought before our stochastic). A bearish non-crossover is the status for our 7 / 23 months moving averages. As long as M23 is bearish, the main trend is bearish. PW (101.76) is our main resistance.

Idea: below 79.7 is not ruled out.

 

Laisser un commentaire

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *